Richard A. Richieri - Jan 9, 2025 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
Stock symbol
CDMO
Transactions as of
Jan 9, 2025
Transactions value $
-$30,715
Form type
4
Date filed
1/13/2025, 07:33 PM
Previous filing
Jan 2, 2025
Next filing
Feb 7, 2025
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 +5.51K +11.89% 51.8K Jan 9, 2025 Direct F1
transaction CDMO Common Stock, $0.001 par value Sale -$28.2K -2.28K -4.41% $12.37 49.5K Jan 10, 2025 Direct F2
transaction CDMO Common Stock, $0.001 par value Options Exercise +464 +5.45% 8.99K Jan 9, 2025 By Spouse F1
transaction CDMO Common Stock, $0.001 par value Sale -$2.47K -200 -2.23% $12.37 8.79K Jan 10, 2025 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 Disposed to Issuer $0 -506 -0.78% $0.00 64.2K Jan 9, 2025 Common Stock 506 Direct F1, F3
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -946 -1.47% $0.00 63.3K Jan 9, 2025 Common Stock 946 Direct F1, F4
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -1.06K -1.68% $0.00 62.2K Jan 9, 2025 Common Stock 1.06K Direct F1, F5
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -3K -4.81% $0.00 59.2K Jan 9, 2025 Common Stock 3K Direct F1, F6
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -40 -0.76% $0.00 5.24K Jan 9, 2025 Common Stock 40 By Spouse F1, F3
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -83 -1.58% $0.00 5.16K Jan 9, 2025 Common Stock 83 By Spouse F1, F4
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -132 -2.56% $0.00 5.03K Jan 9, 2025 Common Stock 132 By Spouse F1, F5
transaction CDMO Restricted Stock Units Disposed to Issuer $0 -209 -4.16% $0.00 4.82K Jan 9, 2025 Common Stock 209 By Spouse F1, F6
* 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 footnotes 3, 4, 5 and 6. 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 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 continuous service to the Issuer on such vesting dates.
F4 RSUs granted to the reporting person and/or 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 continuous service to the Issuer on such vesting dates.
F5 RSUs granted to the reporting person and/or 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 continuous service to the Issuer on such vesting dates.
F6 RSUs granted to the reporting person and/or the reporting person's spouse on July 9, 2024, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2024, and each quarter thereafter until fully-vested, subject to the reporting person's and/or the reporting person's spouse's continuous service to the Issuer on such vesting dates.