Avid Bioservices Inc (CDMO)

[irishpark]

If these are ESPP shares then the price definitely does affect the number of shares. At the beginning of the ESPP period the employees are most likely asked what % of their pay they would like to put toward ESPP. At the end of the ESPP period the company takes the employee contribution and purchases the shares at a price that is usually an average of 3 days (prior, day of, and day after) stock price from the beginning of the ESPP period. I guess a more telling answer would be how many shares are sold at the end of the period and how many are held by employees.

"Yes, of course you have to look at the price. Which is why this year's count will be of interest to me. If an employee can buy a stock at .50 and sell it at 1.50 it's natural the count would increase."