Richard A. Richieri - Oct 9, 2024 Form 4 Insider Report for Avid Bioservices, Inc. (CDMO)

Role
Chief Operations Officer
Signature
/s/ Stephen Hedberg, by Power of Attorney for Richard A. Richieri
Stock symbol
CDMO
Transactions as of
Oct 9, 2024
Transactions value $
-$22,432
Form type
4
Date filed
10/11/2024, 07:38 PM
Previous filing
Jul 16, 2024

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 +5.51K +16.09% 39.7K Oct 9, 2024 Direct F1
transaction CDMO Common Stock, $0.001 par value Sale -$20.4K -2.03K -5.11% $10.05 37.7K Oct 10, 2024 Direct F2, F3
transaction CDMO Common Stock, $0.001 par value Options Exercise +462 +6.64% 7.42K Oct 9, 2024 By Spouse F1
transaction CDMO Common Stock, $0.001 par value Sale -$2.02K -201 -2.71% $10.05 7.22K Oct 10, 2024 By Spouse F2, F3

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 Disposed to Issuer $0 -507 -0.72% $0.00 69.7K Oct 9, 2024 Common Stock 507 Direct F1, F4
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -945 -1.36% $0.00 68.8K Oct 9, 2024 Common Stock 945 Direct F1, F5
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -1.06K -1.54% $0.00 67.7K Oct 9, 2024 Common Stock 1.06K Direct F1, F6
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -2.99K -4.42% $0.00 64.7K Oct 9, 2024 Common Stock 2.99K Direct F1, F7
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -40 -0.7% $0.00 5.7K Oct 9, 2024 Common Stock 40 By Spouse F1, F4
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -83 -1.46% $0.00 5.62K Oct 9, 2024 Common Stock 83 By Spouse F1, F5
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -131 -2.33% $0.00 5.49K Oct 9, 2024 Common Stock 131 By Spouse F1, F6
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -208 -3.79% $0.00 5.28K Oct 9, 2024 Common Stock 208 By Spouse F1, F7
* 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 Represents the shares sold by the reporting person and/or reporting person's spouse pursuant to a contractual election to satisfy tax withholding obligations in connection with the vesting and release of the RSUs described in footnotes 4, 5, 6, and 7. This sale does not represent a discretionary trade by the reporting person and/or the reporting person's spouse.
F3 Represents a weighted average sales price per share. These shares were sold at prices ranging from $10.00 to $10.05. The reporting person and/or the reporting person's spouse 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.
F4 RSUs granted to the reporting person and/or reporting person's spouse on July 9, 2021, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2021, and each quarter thereafter until fully-vested, subject to continuous service to the Issuer on such vesting dates.
F5 RSUs granted to the reporting person and/or reporting person's spouse 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.
F6 RSUs granted to the reporting person and/or reporting person's spouse 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.
F7 RSUs granted to the reporting person and/or the reporting person's spouse on July 9, 2024, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2024, and each quarter thereafter until fully-vested, subject to the reporting person's and/or the reporting person's spouse's continuous service to the Issuer on such vesting dates.