Matthew R. Kwietniak - 09 Apr 2024 Form 4 Insider Report for Avid Bioservices, Inc.

Role
Chief Commercial Officer
Signature
/s/ Stephen Hedberg, by Power of Attorney for Matthew R. Kwietniak
Issuer symbol
N/A
Transactions as of
09 Apr 2024
Net transactions value
$0
Form type
4
Filing time
11 Apr 2024, 19:42:18 UTC
Previous filing
12 Jan 2024
Next filing
12 Apr 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 +1,261 +6.4% 21,090 09 Apr 2024 Direct F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +1,271 +6% 22,361 09 Apr 2024 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 -1,261 -3.6% $0.000000 33,836 09 Apr 2024 Common Stock 1,261 Direct F1, F2
transaction CDMO Restricted Stock Units Options Exercise $0 -1,271 -3.8% $0.000000 32,565 09 Apr 2024 Common Stock 1,271 Direct F1, F3
* 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, 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.
F3 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.