Daniel Drees - 15 Oct 2021 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Chief Growth Officer, Senior Vice President
Signature
/s/ Ryan Stahl Attorney-in-Fact for Daniel Drees
Issuer symbol
AVDX
Transactions as of
15 Oct 2021
Net transactions value
$0
Form type
4
Filing time
19 Oct 2021, 21:07:09 UTC
Previous filing
19 Nov 2021
Next filing
14 Mar 2022
SEC
View on sec.gov

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 AVDX Restricted Stock Units Award $0 +28,564 $0.000000 28,564 15 Oct 2021 Common Stock 28,564 Direct F1, F2
transaction AVDX Restricted Stock Units Award $0 +81,612 $0.000000 81,612 15 Oct 2021 Common Stock 81,612 Direct F1, F3
transaction AVDX Restricted Stock Units Award $0 +40 $0.000000 40 15 Oct 2021 Common Stock 40 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. For grants made prior to September 30, 2021, the number of shares gives effect to the 4-for-1 stock split that was effected on September 30, 2021.
F2 The restricted stock units vest 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2020. Vested shares will be delivered to the reporting person on or after the six month anniversary of the initial public offering or, if earlier, on the subsequent March 15.
F3 The restricted stock units vest 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2021. Vested shares will be delivered to the reporting person on or after the six month anniversary of the initial public offering or, if earlier, on the subsequent March 15.
F4 The restricted stock units will vest on November 15, 2022.

Remarks:

Chief Growth Officer, Senior Vice President