Richard A. Richieri - 09 Oct 2024 Form 4 Insider Report for Avid Bioservices, Inc.

Role
Chief Operations Officer
Signature
/s/ Stephen Hedberg, by Power of Attorney for Richard A. Richieri
Issuer symbol
N/A
Transactions as of
09 Oct 2024
Net transactions value
-$22,432
Form type
4
Filing time
11 Oct 2024, 19:38:34 UTC
Previous filing
16 Jul 2024
Next filing
27 Dec 2024
SEC
View on sec.gov

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 +5,506 +16% 39,735 09 Oct 2024 Direct F1
transaction CDMO Common Stock, $0.001 par value Sale $20,412 -2,031 -5.1% $10.05 37,704 10 Oct 2024 Direct F2, F3
transaction CDMO Common Stock, $0.001 par value Options Exercise +462 +6.6% 7,419 09 Oct 2024 By Spouse F1
transaction CDMO Common Stock, $0.001 par value Sale $2,020 -201 -2.7% $10.05 7,218 10 Oct 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% $0.000000 69,718 09 Oct 2024 Common Stock 507 Direct F1, F4
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -945 -1.4% $0.000000 68,773 09 Oct 2024 Common Stock 945 Direct F1, F5
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -1,060 -1.5% $0.000000 67,713 09 Oct 2024 Common Stock 1,060 Direct F1, F6
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -2,994 -4.4% $0.000000 64,719 09 Oct 2024 Common Stock 2,994 Direct F1, F7
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -40 -0.7% $0.000000 5,703 09 Oct 2024 Common Stock 40 By Spouse F1, F4
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -83 -1.5% $0.000000 5,620 09 Oct 2024 Common Stock 83 By Spouse F1, F5
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -131 -2.3% $0.000000 5,489 09 Oct 2024 Common Stock 131 By Spouse F1, F6
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -208 -3.8% $0.000000 5,281 09 Oct 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.