Richard B. Hancock - May 7, 2023 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
May 7, 2023
Transactions value $
$0
Form type
4
Date filed
5/9/2023, 07:35 PM
Previous filing
May 2, 2023
Next filing
Jun 8, 2023

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 +4.99K +12.75% 44.1K May 7, 2023 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 Restricted Stock Units Options Exercise $0 -4.99K -17.42% $0.00 23.6K May 7, 2023 Common Stock 4.99K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock.
F2 The Restricted Stock Units granted to the reporting person on May 7, 2019, vested in four (4) equal annual installments beginning May 7, 2020 and each year thereafter until May 7, 2023.