Michael Praeger - 12 Oct 2021 Form 3/A - Amendment Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Officer, Director
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger
Issuer symbol
AVDX
Transactions as of
12 Oct 2021
Net transactions value
$0
Form type
3/A - Amendment
Filing time
19 Nov 2021, 17:27:36 UTC
Date Of Original Report
12 Oct 2021
Next filing
19 Oct 2021
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
holding AVDX Employee Stock Option (right to buy) 12 Oct 2021 Common Stock 46,692 $4.17 Direct F1, F2, F3
holding AVDX Employee Stock Option (right to buy) 12 Oct 2021 Common Stock 192,824 $10.42 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests 25% on the first anniversary of the grant date and monthly thereafter for 36 months. The grant date was March 20, 2019.
F2 These shares of common stock were incorrectly reflected on the Reporting Person's original Form 3.
F3 Number of shares and exercise price give effect to the 4-for-1 forward stock split that was effected on September 30, 2021.
F4 The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2020.

Remarks:

President and Chief Executive Officer This amendment is being filed to amend the original Form 3 filed by the Reporting Person to correct the number of shares subject to the Employee Stock Options granted on March 20, 2019 and February 15, 2020.