Avid Bioservices (CDMO) executive Richieri sold 1,515 shares for $11.4K at $7.54
Insider transactions reported
Richard A. Richieri (Chief Operations Officer at Avid Bioservices Inc., CDMO) reported that they sold 1,515 shares for $11.4K at $7.54, and acquired 4,182 shares between Jul 10, 2024 and Jul 11, 2024. After these transactions the filing shows 33,290 shares held directly and 6,957 shares held indirectly (By Spouse).
- Reporting person
- Richieri Richard A.
- Role
- Chief Operations Officer
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Jul 10, 2024 | Exercise or conversion of a derivative (M) | Common Stock, $0.001 par value1 | +4,047 | - | - | 34,746 direct |
| Jul 11, 2024 | Open-market sale (S) | Common Stock, $0.001 par value2 | -1,456 | $7.54 | $11K | 33,290 direct |
| Jul 10, 2024 | Exercise or conversion of a derivative (M) | Common Stock, $0.001 par value1 | +135 | - | - | 7,016 indirect |
| Jul 11, 2024 | Open-market sale (S) | Common Stock, $0.001 par value2 | -59 | $7.54 | $445 | 6,957 indirect |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Jul 10, 2024 | Exercise or conversion of a derivative (M) | Restricted Stock UnitsOn 4,047 Common Stock1, 3 | -4,047 | - | - | 70,225 direct |
| Jul 10, 2024 | Exercise or conversion of a derivative (M) | Restricted Stock UnitsOn 135 Common Stock1, 3 | -135 | - | - | 5,743 indirect |
Holdings before and after
- Common Stock, $0.001 par value: 30,699 to 33,290 direct
- Common Stock, $0.001 par value: 6,881 to 6,957 indirect, By Spouse
- Restricted Stock Units: 74,272 to 70,225 direct
- Restricted Stock Units: 5,878 to 5,743 indirect, By Spouse
Footnotes from the filing
- 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 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.
- 3. 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.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Richieri report in this CDMO Form 4?
Richard A. Richieri (Chief Operations Officer at Avid Bioservices Inc., CDMO) reported that they sold 1,515 shares for $11.4K at $7.54, and acquired 4,182 shares between Jul 10, 2024 and Jul 11, 2024. After these transactions the filing shows 33,290 shares held directly and 6,957 shares held indirectly (By Spouse).
How many CDMO shares does Richieri hold after this filing?
The filing shows 33,290 shares held directly, 6,957 shares held indirectly (By Spouse) after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this CDMO insider sale made under a 10b5-1 plan?
The filing's footnotes do not mention a Rule 10b5-1 trading plan.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for CDMO
Earlier insider filings at CDMO
- Jul 11, 2024SEC Form 4 filed by V. P., General Counsel Ziebell Mark R
- Jul 11, 2024Chief Operations Officer Richieri Richard A. converted options into 2,767 shares and sold $7,728 worth of shares (1,025 units at $7.54), increasing direct ownership by 6% to 30,699 units (SEC Form 4)
- Jul 11, 2024Chief Commercial Officer Kwietniak Matthew R. converted options into 1,267 shares and sold $3,348 worth of shares (444 units at $7.54), increasing direct ownership by 4% to 22,620 units (SEC Form 4)
- Jul 11, 2024SEC Form 4 filed by Chief Financial Officer Hart Daniel R
- Jul 11, 2024President & CEO Green Nicholas Stewart sold $57,734 worth of shares (7,657 units at $7.54) and converted options into 14,400 shares, increasing direct ownership by 3% to 212,314 units (SEC Form 4)
- Market cap
- 30-day
- Sector
- Health Care
- Industry
- Biotechnology: Pharmaceutical Preparations
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