Amit Mathradas - 05 Jan 2022 Form 4 Insider Report for AVALARA, INC.

Role
President and Chief Operating Officer
Signature
/s/ Miles Treakle, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
05 Jan 2022
Net transactions value
-$66,185
Form type
4
Filing time
06 Jan 2022, 16:48:44 UTC
Previous filing
07 Dec 2021
Next filing
27 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $43,254 +785 +1% $55.10 79,273 05 Jan 2022 Direct
transaction AVLR Common Stock Options Exercise $19,441 +289 +0.36% $67.27 79,562 05 Jan 2022 Direct
transaction AVLR Common Stock Sale $128,880 -1,074 -1.3% $120.00 78,488 05 Jan 2022 Direct F1

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 AVLR Stock Option (right to buy) Options Exercise $0 -785 -1.5% $0.000000 52,753 05 Jan 2022 Common Stock 785 $55.10 Direct F2
transaction AVLR Stock Option (right to buy) Options Exercise $0 -289 -1.3% $0.000000 21,348 05 Jan 2022 Common Stock 289 $67.27 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 11, 2020, and amended on May 14, 2021.
F2 25% of the total shares subject to the option vested and became exercisable on March 4, 2020, and 1/48th of the total shares subject to the option vest and become exercisable monthly thereafter such that the option is fully vested and exercisable on March 4, 2023.
F3 25% of the total shares subject to the option vested and became exercisable on March 5, 2021, and 1/48th of the total shares subject to the option vest and become exercisable monthly thereafter such that the option is fully vested and exercisable on March 5, 2024.

Remarks:

President and Chief Operating Officer