Avid Bioservices Inc (CDMO)

[cheynew]

What do you make of the Form 3 filed last month? 60,749 shares in total.I would have expected only one price for all options, not small amounts priced between 3.22 and 28. All are fully vested except 800 sh according to the footnote. Then, followed 3 weeks later by another 107,000 sh option award. .

Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) (1) 02/01/2020 Common Stock 4,286 20.51 D
Stock Option (right to buy) (1) 04/15/2020 Common Stock 714 28 D
Stock Option (right to buy) (1) 05/02/2021 Common Stock 2,143 17.08 D
Stock Option (right to buy) (1) 02/17/2022 Common Stock 4,107 6.65 D
Stock Option (right to buy) (1) 05/04/2022 Common Stock 6,196 3.22 D
Stock Option (right to buy) (1) 12/27/2022 Common Stock 7,500 8.26 D
Stock Option (right to buy) (1) 05/06/2023 Common Stock 7,295 9.87 D
Stock Option (right to buy) (1) 05/06/2024 Common Stock 10,095 12.25 D
Stock Option (right to buy) (1) 05/11/2025 Common Stock 7,642 9.17 D
Stock Option (right to buy) (1) 06/02/2026 Common Stock 9,971 3.5 D
Restricted Stock Right (2) (2) Common Stock 800 (3) D
Explanation of Responses:
1. The option is fully vested under the terms of the original option agreement.
2. The restricted stock right vests in four (4) equal annual installments over a four (4) year period beginning June 15, 2019 a

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