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

Role
Director
Signature
/s/ Ryan Stahl, Attorney-in-Fact for James Hausman
Stock symbol
AVDX
Transactions as of
Oct 15, 2021
Transactions value $
$0
Form type
4
Date filed
10/19/2021, 09:48 PM
Previous filing
Oct 12, 2021
Next filing
Nov 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Conversion of derivative security +1.99M +1996.06% 2.09M Oct 15, 2021 Direct F1
holding AVDX Common Stock 720K Oct 15, 2021 By Hausman Family Trust

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 B Preferred Stock Conversion of derivative security $0 -430K -100% $0.00* 0 Oct 15, 2021 Common Stock 1.72M Direct F1, F2
transaction AVDX Series C Preferred Stock Conversion of derivative security $0 -67.7K -100% $0.00* 0 Oct 15, 2021 Common Stock 271K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the issuer's initial public offering of common stock, all shares of Series B Preferred Stock and Series C Preferred Stock were automatically converted into shares of the issuer's common stock on a four-for-one basis.
F2 The preferred stock is perpetual and therefore has no expiration date.