Joel Wilhite - Oct 12, 2021 Form 3 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Chief Financial Officer, Senior Vice President Exhibit List Exhibit 24- Power of Attorney
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Joel Wilhite
Stock symbol
AVDX
Transactions as of
Oct 12, 2021
Transactions value $
$0
Form type
3
Date filed
10/12/2021, 09:41 PM
Next filing
Oct 19, 2021

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
holding AVDX Employee Stock Option (right to buy) Oct 12, 2021 Common Stock 78.5K $3.18 Direct F1
holding AVDX Employee Stock Option (right to buy) Oct 12, 2021 Common Stock 108K $3.18 Direct F1
holding AVDX Employee Stock Option (right to buy) Oct 12, 2021 Common Stock 92.5K $3.22 Direct F1, F2
holding AVDX Employee Stock Option (right to buy) Oct 12, 2021 Common Stock 38.6K $3.79 Direct F1, F3
holding AVDX Employee Stock Option (right to buy) Oct 12, 2021 Common Stock 107K $10.42 Direct F1, F4
holding AVDX Employee Stock Option (right to buy) Oct 12, 2021 Common Stock 288K $12.11 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Number of Shares and Exercise Price give effect to the 4-for-1 forward stock split that was effected on September 30, 2021.
F2 The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 5, 2018.
F3 The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 20, 2019.
F4 The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2020.
F5 The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2021.

Remarks:

Chief Financial Officer, Senior Vice President Exhibit List Exhibit 24- Power of Attorney