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

Role: Director
Signature: /s/ Stephen Hedberg, by Power of Attorney for Richard B. Hancock
Issuer symbol: N/A
Transactions as of: 15 Nov 2021
Net transactions value: -$162,274
Form type: 4
Filing time: 17 Nov 2021, 18:29:56 UTC
Previous filing: 13 Jul 2021
Next filing: 03 Dec 2021
SEC: View on sec.gov

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	$58.89	+13	+0.03%	$4.53	37,821	15 Nov 2021	Direct	F1
transaction	CDMO	Common Stock, $0.001 par value	Sale	$441	-13	-0.03%	$33.90	37,808	15 Nov 2021	Direct	F1
transaction	CDMO	Common Stock, $0.001 par value	Sale	$161,892	-4,987	-13%	$32.46	32,821	15 Nov 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%	$0.000000	253,887	15 Nov 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.