Scott M. McFarlane - 07 Mar 2022 Form 4 Insider Report for AVALARA, INC.

Role: Chairman and Chief Executive Officer, Director
Signature: /s/ Miles Treakle, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 07 Mar 2022
Net transactions value: -$1,490,219
Form type: 4
Filing time: 09 Mar 2022, 16:52:09 UTC
Previous filing: 03 Mar 2022
Next filing: 11 Mar 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	Sale	$592,802	-6,351	-1.1%	$93.34	598,141	07 Mar 2022	Direct	F1
transaction	AVLR	Common Stock	Sale	$6,986	-74	-0.01%	$94.40	598,067	07 Mar 2022	Direct	F1
transaction	AVLR	Common Stock	Sale	$148,444	-1,700	-0.28%	$87.32	596,367	08 Mar 2022	Direct	F2
transaction	AVLR	Common Stock	Sale	$216,657	-2,447	-0.41%	$88.54	593,920	08 Mar 2022	Direct	F3
transaction	AVLR	Common Stock	Sale	$353,398	-3,953	-0.67%	$89.40	589,967	08 Mar 2022	Direct	F4
transaction	AVLR	Common Stock	Sale	$171,931	-1,900	-0.32%	$90.49	588,067	08 Mar 2022	Direct	F5
holding	AVLR	Common Stock						109,375	07 Mar 2022	By McFarlane Family Investments, LLC	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This prearranged sale was effected pursuant to a written authorization executed by the Reporting Person on February 18, 2022, and represents shares required to be sold to cover tax withholding obligations in connection with the vesting of restricted stock units.
F2	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.89 to $87.80, inclusive. Upon request by the Issuer, any security holder thereof, or the staff of the Securities and Exchange Commission, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4.
F3	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.90 to $88.89, inclusive.
F4	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.90 to $89.89, inclusive.
F5	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.08 to $90.95, inclusive.
F6	The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by McFarlane Family Investments, LLC, of which the Reporting Person is the sole manager and a member, except to the extent of his pecuniary interest therein, if any.

Remarks:

Chairman and Chief Executive Officer