Richard A. Richieri - Oct 9, 2023 Form 4 Insider Report for Avid Bioservices, Inc. (CDMO)

Signature
/s/ Stephen Hedberg, by Power of Attorney for Richard A. Richieri
Stock symbol
CDMO
Transactions as of
Oct 9, 2023
Transactions value $
-$9,255
Form type
4
Date filed
10/11/2023, 07:59 PM
Previous filing
Jul 14, 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 +506 +2.34% 22.2K Oct 9, 2023 Direct F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +946 +4.27% 23.1K Oct 9, 2023 Direct F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +1.06K +4.58% 24.2K Oct 9, 2023 Direct F1
transaction CDMO Common Stock, $0.001 par value Sale -$8.22K -894 -3.7% $9.20 23.3K Oct 10, 2023 Direct F2, F3
transaction CDMO Common Stock, $0.001 par value Options Exercise +40 +0.99% 4.08K Oct 9, 2023 By Spouse F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +83 +2.04% 4.16K Oct 9, 2023 By Spouse F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +131 +3.15% 4.29K Oct 9, 2023 By Spouse F1
transaction CDMO Common Stock, $0.001 par value Sale -$1.03K -112 -2.61% $9.20 4.18K Oct 10, 2023 By Spouse F2

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 -506 -1.39% $0.00 35.9K Oct 9, 2023 Common Stock 506 Direct F1, F4
transaction CDMO Restricted Stock Units Options Exercise $0 -946 -2.64% $0.00 35K Oct 9, 2023 Common Stock 946 Direct F1, F5
transaction CDMO Restricted Stock Units Options Exercise $0 -1.06K -3.03% $0.00 33.9K Oct 9, 2023 Common Stock 1.06K Direct F1, F6
transaction CDMO Restricted Stock Units Options Exercise $0 -40 -1.12% $0.00 3.52K Oct 9, 2023 Common Stock 40 By Spouse F1, F4
transaction CDMO Restricted Stock Units Options Exercise $0 -83 -2.36% $0.00 3.43K Oct 9, 2023 Common Stock 83 By Spouse F1, F5
transaction CDMO Restricted Stock Units Options Exercise $0 -131 -3.82% $0.00 3.3K Oct 9, 2023 Common Stock 131 By Spouse F1, F6
* 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 Represents the shares automatically sold by the reporting person and/or the reporting person's spouse pursuant to an election to satisfy tax withholding obligations in connection with the vesting of the RSUs described in footnotes 4, 5 and 6. This sale does not represent a discretionary trade.
F3 Represents a weighted average sales price per share. These shares were sold at prices ranging from $9.15 to $9.22. The reporting person has provided to the Issuer, and hereby undertakes to provide the SEC staff or a security holder of the Issuer, upon request, information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F4 RSUs granted to the reporting person and/or the reporting person's spouse 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 continuous service to the Issuer on such vesting dates.
F5 RSUs granted to the reporting person and/or the reporting person's spouse 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 continuous service to the Issuer on such vesting dates.
F6 RSUs granted to the reporting person and/or the reporting person's spouse 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 continuous service to the Issuer on such vesting dates.