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Re: cheynew post# 343788

Friday, 03/17/2023 8:22:58 AM

Friday, March 17, 2023 8:22:58 AM

Post# of 346283
He also buys shares regularly through the company's share purchase plan. I think these are his first sales since he's been part of Avid. Given stock compensation is a significant piece of his total compensation, it isn't unreasonable to sell a few shares here and there. These shares are also part of a 10b5-1 plan, so by definition, the sales are not tied to any particular knowledge he has. My speculation is that he probably has a program to sell some small amount of shares at reasonable intervals above $19
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