Esther M. Alegria - Jul 9, 2021 Form 4 Insider Report for Avid Bioservices, Inc. (CDMO)

Role
Director
Signature
/s/ Stephen Hedberg, by Power of Attorney for Esther M. Alegria, Ph.D.
Stock symbol
CDMO
Transactions as of
Jul 9, 2021
Transactions value $
$0
Form type
4
Date filed
7/13/2021, 09:35 PM
Previous filing
Jul 2, 2021
Next filing
Dec 16, 2021

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 CDMO Stock Option (right to buy) Award $0 +8.38K $0.00 8.38K Jul 9, 2021 Common Stock 8.38K $26.03 Direct F1
transaction CDMO Restricted Stock Units Award $0 +2.07K $0.00 2.07K Jul 9, 2021 Common Stock 2.07K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-third of the stock options granted to the reporting person shall vest on July 9, 2022 and on each one-year anniversary thereafter until fully vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Common Stock.
F3 One-third of the RSUs granted to the reporting person shall vest on July 9, 2022 and on each one-year anniversary thereafter until fully vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.