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

Role
Director, 10%+ Owner
Signature
/s/ Matthew C. Harris
Issuer symbol
AVDX
Transactions as of
15 Oct 2021
Net transactions value
$0
Form type
4
Filing time
19 Oct 2021, 21:28:57 UTC
Previous filing
12 Oct 2021
Next filing
18 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Conversion of derivative security +23,383,240 23,383,240 15 Oct 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 -5,845,810 -100% 0 15 Oct 2021 Common Stock 23,383,240 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.