JAMES E. HAUSMAN - 15 Oct 2021 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Director
Signature
/s/ Ryan Stahl, Attorney-in-Fact for James Hausman
Issuer symbol
AVDX
Transactions as of
15 Oct 2021
Net transactions value
$0
Form type
4
Filing time
19 Oct 2021, 21:48:49 UTC
Previous filing
12 Oct 2021
Next filing
22 Nov 2021
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 +1,991,744 +1996% 2,091,528 15 Oct 2021 Direct F1
holding AVDX Common Stock 720,000 15 Oct 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 -430,208 -100% $0.000000* 0 15 Oct 2021 Common Stock 1,720,832 Direct F1, F2
transaction AVDX Series C Preferred Stock Conversion of derivative security $0 -67,728 -100% $0.000000* 0 15 Oct 2021 Common Stock 270,912 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.