Nicholas S. Green - Oct 9, 2023 Form 4 Insider Report for Avid Bioservices, Inc. (CDMO)

Role
President & CEO, Director
Signature
/s/ Stephen Hedberg, by Power of Attorney for Nicholas S. Green
Stock symbol
CDMO
Transactions as of
Oct 9, 2023
Transactions value $
$0
Form type
4
Date filed
10/11/2023, 07:53 PM
Previous filing
Aug 1, 2023
Next filing
Jan 3, 2024

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 +5.57K +3.82% 151K Oct 9, 2023 Direct F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +8.83K +5.83% 160K Oct 9, 2023 Direct F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +8.48K +5.29% 169K Oct 9, 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 -5.57K -1.72% $0.00 318K Oct 9, 2023 Common Stock 5.57K Direct F1, F2
transaction CDMO Restricted Stock Units Options Exercise $0 -8.83K -2.77% $0.00 309K Oct 9, 2023 Common Stock 8.83K Direct F1, F3
transaction CDMO Restricted Stock Units Options Exercise $0 -8.48K -2.74% $0.00 301K Oct 9, 2023 Common Stock 8.48K Direct F1, F4
* 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 9, 2021, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2021, and each quarter thereafter until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.
F3 RSUs granted to the reporting person on July 9, 2022, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2022, and each quarter thereafter until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.
F4 RSUs granted to the reporting person on July 9, 2023, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2023, and each quarter thereafter until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.