FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Richieri Richard A.
  2. Issuer Name and Ticker or Trading Symbol
Avid Bioservices, Inc. [CDMO] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Operations Officer
(Last)
(First)
(Middle)
14191 MYFORD ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
10/09/2024
(Street)

TUSTIN, CA 92780		 4. If Amendment, Date Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.001 par value 10/09/2024   M   5,506 A (1) 39,735 D  
Common Stock, $0.001 par value 10/10/2024   S   2,031 (2) D $ 10.05 (3) 37,704 D  
Common Stock, $0.001 par value 10/09/2024   M   462 A (1) 7,419 I By Spouse
Common Stock, $0.001 par value 10/10/2024   S   201 (2) D $ 10.05 (3) 7,218 I By Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 		6. Date Exercisable and Expiration Date
(Month/Day/Year) 		7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 		10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 10/09/2024   D     507   (4)   (4) Common Stock 507 $ 0 69,718 D  
Restricted Stock Units (1) 10/09/2024   D     945   (5)   (5) Common Stock 945 $ 0 68,773 D  
Restricted Stock Units (1) 10/09/2024   D     1,060   (6)   (6) Common Stock 1,060 $ 0 67,713 D  
Restricted Stock Units (1) 10/09/2024   D     2,994   (7)   (7) Common Stock 2,994 $ 0 64,719 D  
Restricted Stock Units (1) 10/09/2024   D     40   (4)   (4) Common Stock 40 $ 0 5,703 I By Spouse
Restricted Stock Units (1) 10/09/2024   D     83   (5)   (5) Common Stock 83 $ 0 5,620 I By Spouse
Restricted Stock Units (1) 10/09/2024   D     131   (6)   (6) Common Stock 131 $ 0 5,489 I By Spouse
Restricted Stock Units (1) 10/09/2024   D     208   (7)   (7) Common Stock 208 $ 0 5,281 I By Spouse

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Richieri Richard A.
14191 MYFORD ROAD
TUSTIN, CA 92780		       Chief Operations Officer  

Signatures

 /s/ Stephen Hedberg, by Power of Attorney for Richard A. Richieri   10/11/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock.
(2) Represents the shares sold by the reporting person and/or reporting person's spouse pursuant to a contractual election to satisfy tax withholding obligations in connection with the vesting and release of the RSUs described in footnotes 4, 5, 6, and 7. This sale does not represent a discretionary trade by the reporting person and/or the reporting person's spouse.
(3) Represents a weighted average sales price per share. These shares were sold at prices ranging from $10.00 to $10.05. The reporting person and/or the reporting person's spouse has provided to the Issuer, and hereby undertakes to provide the SEC staff or a security holder of the Issuer, upon request, information regarding the number of shares sold at each respective price within the range set forth in this footnote.
(4) RSUs granted to the reporting person and/or reporting person's spouse on July 9, 2021, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2021, and each quarter thereafter until fully-vested, subject to continuous service to the Issuer on such vesting dates.
(5) RSUs granted to the reporting person and/or reporting person's spouse on July 9, 2022, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2022, and each quarter thereafter until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.
(6) RSUs granted to the reporting person and/or reporting person's spouse on July 9, 2023, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2023, and each quarter thereafter until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.
(7) RSUs granted to the reporting person and/or the reporting person's spouse on July 9, 2024, vest in sixteen (16) equal quarterly installments over a four (4) year period beginning October 9, 2024, and each quarter thereafter until fully-vested, subject to the reporting person's and/or the reporting person's spouse's continuous service to the Issuer on such vesting dates.

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