Form 4: Avid Bioservices Executive Richard A. Richieri Reports Stock Transactions
SEC Form 4
Richard A. Richieri, Chief Operations Officer of Avid Bioservices, Inc., reports acquisition and disposal of common stock and performance stock units.
Summary
- On July 12, 2024, Richard A. Richieri acquired 1,469 shares of Avid Bioservices, Inc. common stock through the vesting of performance stock units.
- On July 15, 2024, Richieri sold 530 shares at $8.36 to cover tax obligations related to the vesting of the performance stock units.
- Following these transactions, Richieri directly owns 34,229 shares and indirectly owns 6,957 shares through a spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 07/12/2024 | Acquisition of 1,469 shares through PSU vesting |
| 07/15/2024 | Sale of 530 shares at $8.36 for tax obligations |
| 07/16/2024 | Date of signature for the report |
Keywords
Avid Bioservices, CDMO, Richard A. Richieri, Form 4, Stock Transaction, Performance Stock Units, Beneficial Ownership
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