Richard A. Richieri - 30 Apr 2024 Form 4 Insider Report for Avid Bioservices, Inc.

Signature
/s/ Stephen Hedberg, by Power of Attorney for Richard A. Richieri
Issuer symbol
N/A
Transactions as of
30 Apr 2024
Net transactions value
-$8,243
Form type
4
Filing time
02 May 2024, 20:21:12 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 $7,436 -1,005 -3.6% $7.40 27,132 30 Apr 2024 Direct F1, F2
transaction CDMO Common Stock, $0.001 par value Sale $807 -109 -2% $7.40 5,353 30 Apr 2024 By Spouse F1
* 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 and/or the reporting person's spouse 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 and/or the reporting person's spouse . 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 $7.36 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.