Matthew C. Harris - Oct 15, 2021 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role: Director, 10%+ Owner
Signature: /s/ Matthew C. Harris
Stock symbol: AVDX
Transactions as of: Oct 15, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/19/2021, 09:28 PM
Previous filing: Oct 12, 2021
Next filing: Mar 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVDX	Common Stock	Conversion of derivative security		+23.4M			23.4M	Oct 15, 2021	See footnotes	F1, F2, F3

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	Series E Preferred Stock	Conversion of derivative security		-5.85M	-100%		0	Oct 15, 2021	Common Stock	23.4M		See footnotes	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of Series E Preferred Stock automatically converted into four shares of Common Stock immediately prior to the closing of the Issuer's initial public offering. The shares had no expiration date.
F2	Consists of securities held by Bain Capital Venture Fund 2014, L.P. ("BCV Fund 2014"), Bain Capital Venture Coinvestment Fund, L.P. ("BCV Coinvest Fund"), BCV AX Investors, L.P. ("BCV AX"), BCIP Venture Associates ("BCIP Venture") and BCIP Venture Associates-B ("BCIP Venture-B" and, together with BCV Fund 2014, BCV Coinvest Fund, BCV AX and BCIP Venture, the "Bain Capital Venture Entities").
F3	Bain Capital Venture Investors, LLC ("BCVI") (i) is the ultimate general partner of BCV Fund 2014, BCV Coinvest Fund and BCV AX and (ii) governs the investment strategy and decision-making process with respect to investments held by each of BCIP Venture and BCIP Venture-B. Mr. Harris is a Managing Director of BCVI. By virtue of the relationships described in this footnote, Mr. Harris may be deemed to share voting and dispositive power with respect to the securities held by the Bain Capital Venture Entities. Mr. Harris disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.