Amit Mathradas - 14 Jun 2021 Form 4 Insider Report for AVALARA, INC.

Role
President and Chief Operating Officer
Signature
/s/ Miles Treakle, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
14 Jun 2021
Net transactions value
-$554,546
Form type
4
Filing time
15 Jun 2021, 17:55:58 UTC
Next filing
07 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $43,254 +785 +0.77% $55.10 102,752 14 Jun 2021 Direct
transaction AVLR Common Stock Options Exercise $19,441 +289 +0.28% $67.27 103,041 14 Jun 2021 Direct
transaction AVLR Common Stock Sale $124,965 -906 -0.88% $137.93 102,135 14 Jun 2021 Direct F1, F2
transaction AVLR Common Stock Sale $167,009 -1,199 -1.2% $139.29 100,936 14 Jun 2021 Direct F1, F3
transaction AVLR Common Stock Sale $325,267 -2,324 -2.3% $139.96 98,612 14 Jun 2021 Direct F1, F4

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 -1.3% $0.000000 58,248 14 Jun 2021 Common Stock 785 $55.10 Direct F5
transaction AVLR Stock Option (right to buy) Options Exercise $0 -289 -1.2% $0.000000 23,371 14 Jun 2021 Common Stock 289 $67.27 Direct F6
* 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 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.65 to $138.56, inclusive. Upon request by the Issuer, any security holder thereof, or the staff of the Securities and Exchange Commission, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (4) to this Form 4.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $138.83 to $139.818, inclusive.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $139.83 to $140.119, inclusive.
F5 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.
F6 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