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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 6/26/20 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 896841 |
| Issuer Name: AVID TECHNOLOGY, INC. |
| Issuer Trading Symbol: AVID |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1566407 |
| | Owner Name: Rosica Jeff |
| Reporting Owner Address: |
| | Owner Street 1: 75 NETWORK DRIVE |
| | Owner Street 2: |
| | Owner City: BURLINGTON |
| | Owner State: MA |
| | Owner ZIP Code: 01803 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: CEO & President |
| | Other Text: |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 6/26/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 8,369 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 7.16 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 957,359 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Footnotes: |
| Footnote - F1: Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on June 26, 2020 of 8.33% of the restricted stock units awarded on March 26, 2018. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Alessandra Melloni as Attorney-in-Fact for Jeff Rosica |
| Signature Date: 6/29/20 |
