Scott M. McFarlane - 28 Feb 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
28 Feb 2022
Net transactions value
-$790,961
Form type
4
Filing time
04 Mar 2022, 17:41:42 UTC
Previous filing
09 Feb 2022
Next filing
03 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 Gift $0 -602 -0.1% $0.000000 614,492 28 Feb 2022 Direct F1
transaction AVLR Common Stock Options Exercise $198,800 +5,000 +0.82% $39.76 614,492 03 Mar 2022 Direct
transaction AVLR Common Stock Sale $490,150 -5,000 -0.81% $98.03 609,492 03 Mar 2022 Direct F2
transaction AVLR Common Stock Sale $248,275 -2,500 -0.41% $99.31 606,992 03 Mar 2022 Direct F3
transaction AVLR Common Stock Sale $180,324 -1,800 -0.3% $100.18 605,192 03 Mar 2022 Direct F4
transaction AVLR Common Stock Sale $50,610 -500 -0.08% $101.22 604,692 03 Mar 2022 Direct F5
transaction AVLR Common Stock Sale $20,402 -200 -0.03% $102.01 604,492 03 Mar 2022 Direct F6
holding AVLR Common Stock 109,375 28 Feb 2022 By McFarlane Family Investments, LLC F7

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 231,703 03 Mar 2022 Common Stock 5,000 $39.76 Direct F8
holding AVLR Stock Option (right to buy) 150,000 28 Feb 2022 Common Stock 150,000 $39.76 By McFarlane Family Investments, LLC F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported disposition represents a bona fide gift made by the Reporting Person.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.00 to $98.11, 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 (2) through (6) to this Form 4.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.73 to $99.64, inclusive.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.755 to $100.705, inclusive.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.91 to $101.76, inclusive.
F6 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.00 to $102.01, inclusive.
F7 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.
F8 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