Esther M. Alegria - 09 Jul 2023 Form 4 Insider Report for Avid Bioservices, Inc.

Role: Director
Signature: /s/ Stephen Hedberg, by Power of Attorney for Esther M. Alegria, Ph.D.
Issuer symbol: N/A
Transactions as of: 09 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 11 Jul 2023, 20:11:38 UTC
Previous filing: 02 Jun 2023
Next filing: 07 Aug 2023
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		+689			689	09 Jul 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	-689	-6.3%	$0.000000	10,301	09 Jul 2023	Common Stock	689		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 July 9, 2021, vest in three (3) equal annual installments beginning July 9, 2022 and each year thereafter until fully vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.