0001683168-23-000161.txt : 20230111 0001683168-23-000161.hdr.sgml : 20230111 20230111193838 ACCESSION NUMBER: 0001683168-23-000161 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230109 FILED AS OF DATE: 20230111 DATE AS OF CHANGE: 20230111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Green Nicholas Stewart CENTRAL INDEX KEY: 0001817685 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32839 FILM NUMBER: 23524637 MAIL ADDRESS: STREET 1: 2642 MICHELLE DRIVE STREET 2: SUITE 200 CITY: TUSTIN STATE: CA ZIP: 92780 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Avid Bioservices, Inc. CENTRAL INDEX KEY: 0000704562 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 953698422 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 BUSINESS ADDRESS: STREET 1: 14191 MYFORD ROAD CITY: TUSTIN STATE: CA ZIP: 92780 BUSINESS PHONE: 714.508.6100 MAIL ADDRESS: STREET 1: 14191 MYFORD ROAD CITY: TUSTIN STATE: CA ZIP: 92780 FORMER COMPANY: FORMER CONFORMED NAME: PEREGRINE PHARMACEUTICALS INC DATE OF NAME CHANGE: 20001109 FORMER COMPANY: FORMER CONFORMED NAME: TECHNICLONE CORP/DE/ DATE OF NAME CHANGE: 19970924 FORMER COMPANY: FORMER CONFORMED NAME: TECHNICLONE INTERNATIONAL CORP DATE OF NAME CHANGE: 19920703 4 1 ownership.xml X0306 4 2023-01-09 0 0000704562 Avid Bioservices, Inc. CDMO 0001817685 Green Nicholas Stewart 14191 MYFORD ROAD TUSTIN CA 92780 1 1 0 0 President & CEO Common Stock, $0.001 par value 2023-01-09 4 M 0 5573 A 83003 D Common Stock, $0.001 par value 2023-01-09 4 M 0 8826 A 91829 D Common Stock, $0.001 par value 2023-01-10 4 S 0 8100 14.4416 D 83729 D Restricted Stock Units 2023-01-09 4 M 0 5573 0.0000 D Common Stock 5573 263128 D Restricted Stock Units 2023-01-09 4 M 0 8826 0.0000 D Common Stock 8826 254302 D 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 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 by the reporting person. Represents a weighted average sales price per share. These shares were sold at prices ranging from $14.44 to $14.73. 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 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 reporting person's continuous service to the Issuer on such vesting dates. RSUs granted to the reporting person 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 reporting person's continuous service to the Issuer on such vesting dates. /s/ Stephen Hedberg, by Power of Attorney for Nicholas S. Green 2023-01-11