Brian Sharples - 19 Oct 2022 Form 4 Insider Report for AVALARA, INC.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 19 Oct 2022
Net transaction value: -$503,968
SEC form: 4
Accepted by SEC: 19 Oct 2022, 17:28:09 UTC
Prior SEC filing: 09 Jun 2022
Next SEC filing: 16 May 2023
Source filing: View source filing
Reporting owner signature: /s/ Miles Treakle, Attorney-in-Fact

Key filing fact

Brian Sharples filed Form 4 for AVALARA, INC. on 19 Oct 2022.

Key facts

This page summarizes Brian Sharples's Form 4 filing for AVALARA, INC..
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 19 Oct 2022, 17:28.

Change

Previous filing in this sequence was filed on 09 Jun 2022.
Current net transaction value: -$503,968.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AVLR transaction

Common Stock

Disposed to Issuer

Transaction value: $452,634
Shares: -4,841
Change %: -100%
Price: $93.50
Shares after: 0
Date: 19 Oct 2022
Ownership: Direct
Footnotes: F1

AVLR transaction

Common Stock

Disposed to Issuer

Transaction value: $33,192
Shares: -355
Change %: -100%
Price: $93.50
Shares after: 0
Date: 19 Oct 2022
Ownership: Sharples 2012 Irrevocable Trust
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AVLR transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value: $18,142
Shares: -666
Change %: -100%
Price: $27.24
Shares after: 0
Date: 19 Oct 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 666
Exercise price: $66.26
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Brian Sharples is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of August 8, 2022, by and among the Issuer, Lava Intermediate, Inc. and Lava Merger Sub, Inc., pursuant to which the outstanding shares of the Issuer's Common Stock (other than certain excluded shares) were converted into the right to receive, without interest, the cash merger consideration of $93.50 per share. Amount includes 2,254 restricted stock units held by the Reporting Person whose acquisition was previously reported in Table I that became fully vested immediately prior to the effective time of the merger and thereafter were cancelled and converted into the right to receive, without interest, $93.50 per share.

Footnote F2

Pursuant to the Merger Agreement, immediately prior to the effective time of the merger, the option was cancelled and converted into the right to receive, without interest, the cash merger consideration of $93.50 for each share subject to the option (whether vested or unvested), less the per share exercise price. Options held by the Reporting Person with exercise prices greater than $93.50 per share were cancelled without the payment of any consideration therefor. The disposition of such options is not reported.