4//SEC Filing
Impactive Capital LLC 4
Accession 0000921895-23-001389
CIK 0000896841other
Filed
May 29, 8:00 PM ET
Accepted
May 30, 5:12 PM ET
Size
14.4 KB
Accession
0000921895-23-001389
Insider Transaction Report
Form 4
Impactive Capital GP LLC
10% Owner
Transactions
- Award
Common Stock
2023-05-25+6,203→ 42,780 total
Holdings
- 7,131,793(indirect: See Footnote)
Common Stock
Wolfe Lauren Taylor
10% Owner
Transactions
- Award
Common Stock
2023-05-25+6,203→ 42,780 total
Holdings
- 7,131,793(indirect: See Footnote)
Common Stock
Impactive Capital LP
10% Owner
Transactions
- Award
Common Stock
2023-05-25+6,203→ 42,780 total
Holdings
- 7,131,793(indirect: See Footnote)
Common Stock
Impactive Capital LLC
10% Owner
Transactions
- Award
Common Stock
2023-05-25+6,203→ 42,780 total
Holdings
- 7,131,793(indirect: See Footnote)
Common Stock
Asmar Christian
Director
Transactions
- Award
Common Stock
2023-05-25+6,203→ 42,780 total
Holdings
- 7,131,793(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]This Form 4 is filed jointly by Impactive Capital GP LLC ("Impactive GP"), Impactive Capital LP ("Impactive Capital"), Impactive Capital LLC ("Impactive Capital GP"), Lauren Taylor Wolfe and Christian Asmar (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his, her or its pecuniary interest therein.
- [F2]The securities of Avid Technology, Inc. (the "Issuer") reported herein are beneficially owned by Impactive GP and Impactive Capital. As the general partner of Impactive Capital, Impactive Capital GP may be deemed to beneficially own the securities of the Issuer beneficially owned by Impactive Capital. As managing members of each of Impactive GP and Impactive Capital GP, each of Ms. Taylor Wolfe and Mr. Asmar may be deemed to beneficially own the securities of the Issuer beneficially owned by Impactive GP and Impactive Capital GP.
- [F3]Represents an award of restricted stock units ("RSUs") that will vest in full on the earlier of the date of the Company's 2024 Annual Meeting or May 25, 2024. Each RSU represents the contingent right to receive one share of the Issuer's common stock.
- [F4]Because Mr. Asmar serves on the board of directors (the "Board") as a representative of Impactive Capital and its affiliates, Impactive Capital is entitled to receive the direct economic interest in securities granted to Mr. Asmar by the Issuer in respect of Mr. Asmar's Board position. Mr. Asmar disclaims beneficial ownership of the Issuer's securities to which this report relates and at no time has Mr. Asmar had any economic interest in such securities except any indirect economic interest through Impactive Capital and its affiliates.
Documents
Issuer
AVID TECHNOLOGY, INC.
CIK 0000896841
Entity typeother
Related Parties
1- filerCIK 0001786731
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 5:12 PM ET
- Size
- 14.4 KB