Richard B. Hancock - Nov 15, 2021 Form 4 Insider Report for Avid Bioservices, Inc. (CDMO)

Role
Director
Signature
/s/ Stephen Hedberg, by Power of Attorney for Richard B. Hancock
Stock symbol
CDMO
Transactions as of
Nov 15, 2021
Transactions value $
-$162,274
Form type
4
Date filed
11/17/2021, 06:29 PM
Previous filing
Jul 13, 2021
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDMO Common Stock, $0.001 par value Options Exercise $58.90 +13 +0.03% $4.53 37.8K Nov 15, 2021 Direct F1
transaction CDMO Common Stock, $0.001 par value Sale -$441 -13 -0.03% $33.90 37.8K Nov 15, 2021 Direct F1
transaction CDMO Common Stock, $0.001 par value Sale -$162K -4.99K -13.19% $32.46 32.8K Nov 15, 2021 Direct F1

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) Options Exercise $0 -13 -0.01% $0.00 254K Nov 15, 2021 Common Stock 13 $4.53 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 15, 2021.
F2 Stock option granted to the reporting person on May 7, 2019, vests in four (4) equal annual installments beginning May 7, 2020 and each year thereafter until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.