Scott M. McFarlane - 01 Mar 2022 Form 4 Insider Report for AVALARA, INC.

Role
Chairman and Chief Executive Officer, Director
Signature
/s/ Miles Treakle, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Mar 2022
Net transactions value
-$842,861
Form type
4
Filing time
03 Mar 2022, 17:19:21 UTC
Previous filing
04 Mar 2022
Next filing
09 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $198,800 +5,000 +0.81% $39.76 620,094 01 Mar 2022 Direct
transaction AVLR Common Stock Sale $471,388 -4,450 -0.72% $105.93 615,644 01 Mar 2022 Direct F1
transaction AVLR Common Stock Sale $58,558 -550 -0.09% $106.47 615,094 01 Mar 2022 Direct F2
transaction AVLR Common Stock Sale $325,827 -3,190 -0.52% $102.14 611,904 02 Mar 2022 Direct F3
transaction AVLR Common Stock Sale $185,887 -1,810 -0.3% $102.70 610,094 02 Mar 2022 Direct F4
holding AVLR Common Stock 109,375 01 Mar 2022 By McFarlane Family Investments, LLC F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVLR Stock Option (right to buy) Options Exercise $0 -5,000 -2.1% $0.000000 236,703 01 Mar 2022 Common Stock 5,000 $39.76 Direct F6
holding AVLR Stock Option (right to buy) 150,000 01 Mar 2022 Common Stock 150,000 $39.76 By McFarlane Family Investments, LLC F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.31 to $106.29, inclusive. Upon request by the Issuer, any security holder thereof, or the staff of the Securities and Exchange Commission, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) through (4) to this Form 4.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.33 to $106.64, inclusive.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.51 to $102.495, inclusive.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.54 to $102.86, inclusive.
F5 The Reporting Person disclaims beneficial ownership of the shares of Common Stock and stock option held by McFarlane Family Investments, LLC, of which the Reporting Person is the sole manager and a member, except to the extent of his pecuniary interest therein, if any.
F6 25% of the total shares originally subject to the option vested and became exercisable on January 1, 2020, and 1/48th of the total shares originally subject to the option vest and become exercisable monthly thereafter such that the option is fully vested and exercisable on January 1, 2023.

Remarks:

Chairman and Chief Executive Officer