Richard A. Richieri - 10 Jul 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
10 Jul 2024
Transactions value $
-$11,423
Form type
4
Filing time
12 Jul 2024, 16:30:04 UTC
Previous filing
11 Jul 2024
Next filing
16 Jul 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 +4,047 +13% 34,746 10 Jul 2024 Direct F1
transaction CDMO Common Stock, $0.001 par value Sale -$10,978 -1,456 -4.2% $7.54 33,290 11 Jul 2024 Direct F2
transaction CDMO Common Stock, $0.001 par value Options Exercise +135 +2% 7,016 10 Jul 2024 By Spouse F1
transaction CDMO Common Stock, $0.001 par value Sale -$444 -59 -0.84% $7.54 6,957 11 Jul 2024 By Spouse F2

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 -4,047 -5.4% $0 70,225 10 Jul 2024 Common Stock 4,047 Direct F1, F3
transaction CDMO Restricted Stock Units Options Exercise $0 -135 -2.3% $0 5,743 10 Jul 2024 Common Stock 135 By Spouse F1, F3
* 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 Represents the shares sold by the reporting person and/or reporting person's spouse pursuant to a contractual election to satisfy tax withholding obligations in connection with the vesting and release of the RSUs described in footnote 3. This sale does not represent a discretionary trade by the reporting person and/or the reporting person's spouse.
F3 RSUs granted to the reporting person and/or the reporting person's spouse on July 10, 2020, vested in four (4) equal annual installments beginning July 10, 2021, and each year thereafter until July 10, 2024.