Scott M. McFarlane - Aug 10, 2022 Form 4 Insider Report for AVALARA, INC. (AVLR)

Signature
/s/ Miles Treakle, Attorney-in-Fact
Stock symbol
AVLR
Transactions as of
Aug 10, 2022
Transactions value $
-$1,504,400
Form type
4
Date filed
8/11/2022, 06:03 PM
Previous filing
Aug 9, 2022
Next filing
Sep 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $332K +20K +3.43% $16.60 604K Aug 10, 2022 Direct
transaction AVLR Common Stock Sale -$1.84M -20K -3.31% $91.82 584K Aug 10, 2022 Direct F1, F2
holding AVLR Common Stock 109K Aug 10, 2022 By McFarlane Family Investments, LLC F3

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 -20K -30.77% $0.00 45K Aug 10, 2022 Common Stock 20K $16.60 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to a Rule 10b5-1 trading plan originally adopted by the Reporting Person on December 9, 2021, and amended on March 14, 2022.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.74 to $91.99, 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.
F4 25% of the total shares subject to the option vested and became exercisable on January 1, 2019, and 1/48th of the total shares subject to the option vest and become exercisable monthly thereafter such that the option was fully vested and exercisable on January 1, 2022.

Remarks:

Chairman and Chief Executive Officer