Amit Mathradas - Jan 5, 2022 Form 4 Insider Report for AVALARA, INC. (AVLR)

Role
President and Chief Operating Officer
Signature
/s/ Miles Treakle, Attorney-in-Fact
Stock symbol
AVLR
Transactions as of
Jan 5, 2022
Transactions value $
-$66,185
Form type
4
Date filed
1/6/2022, 04:48 PM
Previous filing
Dec 7, 2021
Next filing
Jan 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $43.3K +785 +1% $55.10 79.3K Jan 5, 2022 Direct
transaction AVLR Common Stock Options Exercise $19.4K +289 +0.36% $67.27 79.6K Jan 5, 2022 Direct
transaction AVLR Common Stock Sale -$129K -1.07K -1.35% $120.00 78.5K Jan 5, 2022 Direct F1

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 AVLR Stock Option (right to buy) Options Exercise $0 -785 -1.47% $0.00 52.8K Jan 5, 2022 Common Stock 785 $55.10 Direct F2
transaction AVLR Stock Option (right to buy) Options Exercise $0 -289 -1.34% $0.00 21.3K Jan 5, 2022 Common Stock 289 $67.27 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 11, 2020, and amended on May 14, 2021.
F2 25% of the total shares subject to the option vested and became exercisable on March 4, 2020, and 1/48th of the total shares subject to the option vest and become exercisable monthly thereafter such that the option is fully vested and exercisable on March 4, 2023.
F3 25% of the total shares subject to the option vested and became exercisable on March 5, 2021, and 1/48th of the total shares subject to the option vest and become exercisable monthly thereafter such that the option is fully vested and exercisable on March 5, 2024.

Remarks:

President and Chief Operating Officer