Michael Praeger - 10 Mar 2022 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
President and Chief Executive Officer, Director
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger
Issuer symbol
AVDX
Transactions as of
10 Mar 2022
Net transactions value
+$494,423
Form type
4
Filing time
11 Mar 2022, 07:45:10 UTC
Previous filing
19 Oct 2021
Next filing
15 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 Purchase $494,423 +69,500 +0.81% $7.11 8,632,317 10 Mar 2022 Direct F1
transaction AVDX Common Stock Options Exercise +36,724 +0.43% 8,669,041 10 Mar 2022 Direct F2
transaction AVDX Common Stock Options Exercise +71,412 +0.82% 8,740,453 10 Mar 2022 Direct F2
holding AVDX Common Stock 660,627 10 Mar 2022 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 743,848 10 Mar 2022 By MP 2021 GRAT
holding AVDX Common Stock 1,888,652 10 Mar 2022 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1,328,276 10 Mar 2022 By Green and Gold 2015 GRAT
holding AVDX Common Stock 720,000 10 Mar 2022 By MP Charitable 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 Restricted Stock Units Options Exercise $0 -36,724 -50% $0.000000 36,728 10 Mar 2022 Common Stock 36,724 Direct F1, F3
transaction AVDX Restricted Stock Units Options Exercise $0 -71,412 -25% $0.000000 214,240 10 Mar 2022 Common Stock 71,412 Direct F1, F4
holding AVDX Restricted Stock Units 40 10 Mar 2022 Common Stock 40 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $6.88 to $7.53. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
F3 On October 1, 2020, the reporting person was granted 73,452 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and 6.25% quarterly thereafter. The vesting commencement date was February 15, 2020.
F4 On February 19, 2021, the reporting person was granted 285,652, restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and 6.25% quarterly thereafter. The vesting commencement date was February 15, 2021.
F5 The restricted stock units will vest on November 15, 2022.

Remarks:

President and Chief Executive Officer