Michael Praeger - Mar 10, 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
Stock symbol
AVDX
Transactions as of
Mar 10, 2022
Transactions value $
$494,423
Form type
4
Date filed
3/11/2022, 07:45 AM
Previous filing
Oct 19, 2021
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Purchase $494K +69.5K +0.81% $7.11 8.63M Mar 10, 2022 Direct F1
transaction AVDX Common Stock Options Exercise +36.7K +0.43% 8.67M Mar 10, 2022 Direct F2
transaction AVDX Common Stock Options Exercise +71.4K +0.82% 8.74M Mar 10, 2022 Direct F2
holding AVDX Common Stock 661K Mar 10, 2022 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 744K Mar 10, 2022 By MP 2021 GRAT
holding AVDX Common Stock 1.89M Mar 10, 2022 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1.33M Mar 10, 2022 By Green and Gold 2015 GRAT
holding AVDX Common Stock 720K Mar 10, 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 -36.7K -50% $0.00 36.7K Mar 10, 2022 Common Stock 36.7K Direct F1, F3
transaction AVDX Restricted Stock Units Options Exercise $0 -71.4K -25% $0.00 214K Mar 10, 2022 Common Stock 71.4K Direct F1, F4
holding AVDX Restricted Stock Units 40 Mar 10, 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