Jeanne Thoma - 03 Dec 2023 Form 4 Insider Report for Avid Bioservices, Inc.

Role: Director
Signature: /s/ Stephen Hedberg, by Power of Attorney for Jeanne A. Thoma
Issuer symbol: N/A
Transactions as of: 03 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 05 Dec 2023, 19:33:46 UTC
Previous filing: 24 May 2023
Next filing: 18 Dec 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		+1,537	+20%		9,243	03 Dec 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	-1,537	-14%	$0.000000	9,612	03 Dec 2023	Common Stock	1,537		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 December 3, 2020, vested in three (3) equal annual installments beginning December 3, 2021 and each year thereafter until December 3, 2023.