Matthew R. Kwietniak - 30 Apr 2024 Form 4 Insider Report for Avid Bioservices, Inc.

Signature
/s/ Stephen Hedberg, by Power of Attorney for Matthew R. Kwietniak
Issuer symbol
N/A
Transactions as of
30 Apr 2024
Net transactions value
-$9,122
Form type
4
Filing time
02 May 2024, 20:20:51 UTC
Previous filing
12 Apr 2024
Next filing
11 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 $9,122 -1,233 -5.4% $7.40 21,797 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 and April 11, 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 and 3 of the reporting person's Form 4 filed with the SEC on April 11, 2024. For further information regarding the RSUs vested on April 11, 2024, refer to footnote 2 of the reporting person's Form 4 filed with the SEC on April 12, 2024.
F2 Represents a weighted average sales price per share. These shares were sold at prices ranging from $7.26 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.