Daniel R. Hart - 30 Apr 2024 Form 4 Insider Report for Avid Bioservices, Inc.

Signature
/s/ Daniel R. Hart
Issuer symbol
N/A
Transactions as of
30 Apr 2024
Net transactions value
-$20,910
Form type
4
Filing time
02 May 2024, 20:20:36 UTC
Previous filing
11 Apr 2024
Next filing
02 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDMO Common Stock, $0.001 par value Sale $20,910 -2,826 -3.3% $7.40 82,221 30 Apr 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the shares sold by the reporting person pursuant to a contractual election to satisfy tax withholding obligations in connection with the release of restricted stock units ("RSUs") which vested on April 9, 2024. This sale does not represent a discretionary trade by the reporting person. For further information regarding the RSUs vested on April 9, 2024, refer to footnotes 2, 3 and 4 of the reporting person's Form 4 filed with the SEC on April 11, 2024.
F2 Represents a weighted average sales price per share. These shares were sold at prices ranging from $7.3469 to $7.40. 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.