Scott M. McFarlane - 08 Aug 2022 Form 4 Insider Report for AVALARA, INC. (AVLR)

Role
Chairman and Chief Executive Officer, Director
Signature
/s/ Miles Treakle, Attorney-in-Fact
Issuer symbol
AVLR
Transactions as of
08 Aug 2022
Net transactions value
-$114,579
Form type
4
Filing time
09 Aug 2022, 19:00:45 UTC
Previous filing
12 Jul 2022
Next filing
11 Aug 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 Sale $114,579 -1,248 -0.21% $91.81 583,644 08 Aug 2022 Direct F1, F2
holding AVLR Common Stock 109,375 08 Aug 2022 By McFarlane Family Investments, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This prearranged sale was effected pursuant to a written authorization executed by the Reporting Person on February 18, 2022, and represents shares required to be sold to cover tax withholding obligations in connection with the vesting of performance share units and restricted stock units.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.80 to $92.23, 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 range.
F3 The Reporting Person disclaims beneficial ownership of the shares of Common Stock 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.

Remarks:

Chairman and Chief Executive Officer