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

Signature
/s/ Stephen Hedberg, by Power of Attorney for Richard A. Richieri
Stock symbol
CDMO
Transactions as of
Apr 30, 2024
Transactions value $
-$8,243
Form type
4
Date filed
5/2/2024, 08:21 PM
Previous filing
Apr 11, 2024
Next filing
Jul 2, 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 -$7.44K -1.01K -3.57% $7.40 27.1K Apr 30, 2024 Direct F1, F2
transaction CDMO Common Stock, $0.001 par value Sale -$807 -109 -2% $7.40 5.35K Apr 30, 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.