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
  1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.