Scott M. McFarlane - Mar 1, 2022 Form 4 Insider Report for AVALARA, INC. (AVLR)

Role
Chairman and Chief Executive Officer, Director
Signature
/s/ Miles Treakle, Attorney-in-Fact
Stock symbol
AVLR
Transactions as of
Mar 1, 2022
Transactions value $
-$842,861
Form type
4
Date filed
3/3/2022, 05:19 PM
Previous filing
Mar 4, 2022
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $199K +5K +0.81% $39.76 620K Mar 1, 2022 Direct
transaction AVLR Common Stock Sale -$471K -4.45K -0.72% $105.93 616K Mar 1, 2022 Direct F1
transaction AVLR Common Stock Sale -$58.6K -550 -0.09% $106.47 615K Mar 1, 2022 Direct F2
transaction AVLR Common Stock Sale -$326K -3.19K -0.52% $102.14 612K Mar 2, 2022 Direct F3
transaction AVLR Common Stock Sale -$186K -1.81K -0.3% $102.70 610K Mar 2, 2022 Direct F4
holding AVLR Common Stock 109K Mar 1, 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 -5K -2.07% $0.00 237K Mar 1, 2022 Common Stock 5K $39.76 Direct F6
holding AVLR Stock Option (right to buy) 150K Mar 1, 2022 Common Stock 150K $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