Richard A. Richieri - 29 Dec 2023 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
Issuer symbol: CDMO
Transactions as of: 29 Dec 2023
Net transactions value: +$9,857
Form type: 4
Filing time: 03 Jan 2024, 19:55:07 UTC
Previous filing: 11 Oct 2023
Next filing: 11 Jan 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	Other	$4,928	+892	+3.8%	$5.52	24,168	29 Dec 2023	Direct	F1
transaction	CDMO	Common Stock, $0.001 par value	Other	$4,928	+892	+21%	$5.52	5,069	29 Dec 2023	By Spouse	F1

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

Explanation of Responses:

Id	Content
F1	Shares purchased under the issuer's Employee Stock Purchase Plan ("ESPP") for the ESPP offering period July 1, 2023 through December 31, 2023. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on December 29, 2023.