Ann Bruder - Mar 1, 2022 Form 4 Insider Report for BLUCORA, INC. (AVTA)

Role
Chief Legal Officer & Sec'y
Signature
/s/ Ann J. Bruder
Stock symbol
AVTA
Transactions as of
Mar 1, 2022
Transactions value $
-$50,122
Form type
4
Date filed
3/3/2022, 05:06 PM
Previous filing
Jan 11, 2022
Next filing
May 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVTA Common Stock Options Exercise $144K +12.7K +12.23% $11.30 117K Mar 1, 2022 Direct F1
transaction AVTA Common Stock Options Exercise $158K +10.5K +9.04% $15.00 127K Mar 1, 2022 Direct F2
transaction AVTA Common Stock Tax liability -$178K -9.06K -7.12% $19.64 118K Mar 1, 2022 Direct F1
transaction AVTA Common Stock Tax liability -$174K -8.86K -7.5% $19.64 109K Mar 1, 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVTA Stock Option (Right to Buy) Options Exercise $0 -12.7K -33.33% $0.00 25.4K Mar 1, 2022 Common Stock 12.7K $11.30 Direct F4
transaction AVTA Stock Options (Right to Buy) Options Exercise $0 -10.5K -33.33% $0.00 21.1K Mar 1, 2022 Common Stock 10.5K $15.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 3,651 shares of common stock on net exercise of option to purchase 12,710 shares of common stock. The reporting person forfeited 9,059 shares of common stock underlying the option in payment of the exercise price and applicable tax withholding, using the closing stock price on March 1, 2022 of $19.64.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 1,685 shares of common stock on net exercise of option to purchase 10,543 shares of common stock. The reporting person forfeited 8,858 shares of common stock underlying the option in payment of the exercise price and applicable tax withholding, using the closing stock price on March 1, 2022 of $19.64.
F3 Not included in this amount are 50,543 performance-based restricted stock units of which (i) 10,122 are eligible to vest from 0% to 200% following the end of 2022, (ii) 17,033 are eligible to vest from 0% to 200% following the end of 2023 and (iii) 23,388 are eligible to vest from 0% to 200% following the end of 2024. Vesting for each award is subject to the Issuer's achievement of certain financial goals and certification by the Compensation Committee.
F4 The option vests according to the following schedule: one-third vested on May 21, 2021, an additional one-third vests on May 21, 2022, and the remaining one-third will vest on May 21, 2023, such that the option will be fully vested on May 21, 2023.
F5 The option vests according to the following schedule: one-third vested on January 4, 2022, an additional one-third vests on January 4, 2023, and the remaining one-third will vest on January 4, 2024, such that the option will be fully vested on January 4, 2024.