Filing Details
- Accession Number:
- 0001683168-23-007067
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-10-11 19:59:05
- Reporting Period:
- 2023-10-09
- Accepted Time:
- 2023-10-11 19:59:05
- 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 | 2023-10-09 | 506 | $0.00 | 22,165 | No | 4 | M | Direct | |
| Common Stock, $0.001 Par Value | Acquisiton | 2023-10-09 | 946 | $0.00 | 23,111 | No | 4 | M | Direct | |
| Common Stock, $0.001 Par Value | Acquisiton | 2023-10-09 | 1,059 | $0.00 | 24,170 | No | 4 | M | Direct | |
| Common Stock, $0.001 Par Value | Disposition | 2023-10-10 | 894 | $9.20 | 23,276 | No | 4 | S | Direct | |
| Common Stock, $0.001 Par Value | Acquisiton | 2023-10-09 | 40 | $0.00 | 4,075 | No | 4 | M | Indirect | By Spouse |
| Common Stock, $0.001 Par Value | Acquisiton | 2023-10-09 | 83 | $0.00 | 4,158 | No | 4 | M | Indirect | By Spouse |
| Common Stock, $0.001 Par Value | Acquisiton | 2023-10-09 | 131 | $0.00 | 4,289 | No | 4 | M | Indirect | By Spouse |
| Common Stock, $0.001 Par Value | Disposition | 2023-10-10 | 112 | $9.20 | 4,177 | No | 4 | S | Indirect | By Spouse |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Indirect | By Spouse |
| No | 4 | M | Indirect | By Spouse |
| 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 | 2023-10-09 | 506 | $0.00 | 506 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-10-09 | 946 | $0.00 | 946 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-10-09 | 1,059 | $0.00 | 1,059 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-10-09 | 40 | $0.00 | 40 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-10-09 | 83 | $0.00 | 83 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-10-09 | 131 | $0.00 | 131 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 35,897 | No | 4 | M | Direct | ||
| 34,951 | No | 4 | M | Direct | ||
| 33,892 | No | 4 | M | Direct | ||
| 3,516 | No | 4 | M | Indirect | ||
| 3,433 | No | 4 | M | Indirect | ||
| 3,302 | 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 and/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, 5 and 6. This sale does not represent a discretionary trade.
- Represents a weighted average sales price per share. These shares were sold at prices ranging from $9.15 to $9.22. 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 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 continuous service to the Issuer on such vesting dates.
- 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 continuous service to the Issuer on such vesting dates.
- 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 continuous service to the Issuer on such vesting dates.
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