Mark R. Ziebell - 17 Jun 2022 Form 4 Insider Report for Avid Bioservices, Inc.

Role: V. P., General Counsel
Signature: /s/ Mark R. Ziebell
Issuer symbol: N/A
Transactions as of: 17 Jun 2022
Net transactions value: +$21,148
Form type: 4
Filing time: 21 Jun 2022, 19:33:40 UTC
Previous filing: 12 Apr 2022
Next filing: 01 Jul 2022
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	$21,148	+6,428	+79%	$3.29	14,531	17 Jun 2022	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	-6,428	-2.5%	$0.000000	246,328	17 Jun 2022	Common Stock	6,428	$3.29	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents the reporting person's cash exercise of a stock option without a subsequent sale of the underlying shares of common stock.
F2	Stock option granted to the reporting person on June 20, 2012 vested quarterly over a three (3) year period and was fully vested as of June 20, 2015.