Filing Details
- Accession Number:
- 0001683168-23-004821
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-07-12 19:37:44
- Reporting Period:
- 2023-07-10
- Accepted Time:
- 2023-07-12 19:37:44
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 704562 | Avid Bioservices Inc. | CDMO | Pharmaceutical Preparations (2834) | 953698422 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1976193 | A. Richard Richieri | 14191 Myford Road Tustin CA 92780 | Chief Operations Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 Par Value | Acquisiton | 2023-07-10 | 4,046 | $0.00 | 23,079 | No | 4 | M | Direct | |
| Common Stock, $0.001 Par Value | Disposition | 2023-07-11 | 1,420 | $13.86 | 21,659 | No | 4 | S | Direct | |
| Common Stock, $0.001 Par Value | Acquisiton | 2023-07-10 | 289 | $0.00 | 6,891 | No | 4 | M | Indirect | By Spouse |
| Common Stock, $0.001 Par Value | Disposition | 2023-07-11 | 122 | $13.86 | 6,769 | No | 4 | S | Indirect | By Spouse |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Indirect | By Spouse |
| No | 4 | S | Indirect | By Spouse |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2023-07-10 | 4,046 | $0.00 | 4,046 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-07-10 | 135 | $0.00 | 135 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-07-10 | 154 | $0.00 | 154 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 36,403 | No | 4 | M | Direct | ||
| 3,710 | No | 4 | M | Indirect | ||
| 3,556 | No | 4 | M | Indirect |
Footnotes
- Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock.
- Represents the shares automatically sold by the reporting person or the reporting person's spouse pursuant to an election to satisfy tax withholding obligations in connection with the vesting of the RSUs described in footnotes 4 and 5. This sale does not represent a discretionary trade.
- Represents a weighted average sales price per share. These shares were sold at prices ranging from $13.7609 to $13.86. The reporting person has provided to the Issuer, and hereby undertakes to provide the SEC staff or a security holder of the Issuer, upon request, information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- RSUs granted to the reporting person or the reporting person's spouse on July 10, 2020, vest in four (4) equal annual installments beginning July 10, 2021, and each year thereafter until fully-vested, subject to the continuous service to the Issuer on such vesting dates.
- RSUs granted to the reporting person's spouse on July 10, 2019, vested in four (4) equal annual installments and was fully-vested as of July 10, 2023.
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