Esther M. Alegria - Dec 14, 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: Dec 14, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/16/2021, 08:30 PM
Previous filing: Jul 13, 2021
Next filing: Jul 12, 2022

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	Restricted Stock Units	Award	$0	+4.63K	+224.09%	$0.00	6.7K	Dec 14, 2021	Common Stock	4.63K		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock.
F2	Annual equity award grant pursuant to the Issuer's non-employee director compensation program.
F3	The RSUs granted to the reporting person shall fully vest on December 14, 2022, subject to the reporting person's continuous service to the Issuer on such vesting date.