Richard B. Hancock - 10 Jul 2023 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
10 Jul 2023
Net transactions value
$0
Form type
4
Filing time
12 Jul 2023, 19:36:42 UTC
Previous filing
08 Jun 2023
Next filing
10 Jan 2024
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 +7,014 +18% 46,148 10 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 -7,014 -30% $0.000000 16,626 10 Jul 2023 Common Stock 7,014 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 ("RSU") represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock.
F2 RSUs granted to the reporting person on July 10, 2020, vest in four (4) equal annual installments beginning July 10, 2021, and each year thereafter until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.