Scott M. McFarlane - 10 Oct 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
10 Oct 2022
Net transactions value
-$1,518,800
Form type
4
Filing time
12 Oct 2022, 18:09:40 UTC
Previous filing
13 Sep 2022
Next filing
19 Oct 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 -43,000 -7.4% $0.000000 540,644 06 Oct 2022 Direct F1
transaction AVLR Common Stock Options Exercise $332,000 +20,000 +3.7% $16.60 560,644 10 Oct 2022 Direct
transaction AVLR Common Stock Sale $1,850,800 -20,000 -3.6% $92.54 540,644 10 Oct 2022 Direct F2, F3
holding AVLR Common Stock 109,375 10 Oct 2022 By McFarlane Family Investments, LLC F4

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 -20,000 -80% $0.000000 5,000 10 Oct 2022 Common Stock 20,000 $16.60 Direct F5
* 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 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.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.45 to $92.65, 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.
F4 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.
F5 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 vested and became exercisable monthly thereafter such that the option was fully vested and exercisable on January 1, 2022.

Remarks:

Chairman and Chief Executive Officer