Richard A. Richieri - 09 Apr 2024 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
09 Apr 2024
Net transactions value
$0
Form type
4
Filing time
11 Apr 2024, 19:43:06 UTC
Previous filing
11 Jan 2024
Next filing
02 May 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 +506 +2% 26,131 09 Apr 2024 Direct F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +946 +3.6% 27,077 09 Apr 2024 Direct F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +1,060 +3.9% 28,137 09 Apr 2024 Direct F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +40 +0.77% 5,248 09 Apr 2024 By Spouse F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +83 +1.6% 5,331 09 Apr 2024 By Spouse F1
transaction CDMO Common Stock, $0.001 par value Options Exercise +131 +2.5% 5,462 09 Apr 2024 By Spouse 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 CDMO Restricted Stock Units Options Exercise $0 -506 -1.6% $0.000000 30,874 09 Apr 2024 Common Stock 506 Direct F1, F2
transaction CDMO Restricted Stock Units Options Exercise $0 -946 -3.1% $0.000000 29,928 09 Apr 2024 Common Stock 946 Direct F1, F3
transaction CDMO Restricted Stock Units Options Exercise $0 -1,060 -3.5% $0.000000 28,868 09 Apr 2024 Common Stock 1,060 Direct F1, F4
transaction CDMO Restricted Stock Units Options Exercise $0 -40 -1.3% $0.000000 3,007 09 Apr 2024 Common Stock 40 By Spouse F1, F2
transaction CDMO Restricted Stock Units Options Exercise $0 -83 -2.8% $0.000000 2,924 09 Apr 2024 Common Stock 83 By Spouse F1, F3
transaction CDMO Restricted Stock Units Options Exercise $0 -131 -4.5% $0.000000 2,793 09 Apr 2024 Common Stock 131 By Spouse F1, F4
* 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 RSUs granted to the reporting person and/or the 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 the reporting person's continuous service to the Issuer on such vesting dates.
F3 RSUs granted to the reporting person and/or the 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.
F4 RSUs granted to the reporting person and/or the 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.