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

Role
Chief Growth Officer, Senior Vice President
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Daniel Drees
Stock symbol
AVDX
Transactions as of
Mar 10, 2022
Transactions value $
-$85,595
Form type
4
Date filed
3/14/2022, 05:20 PM
Previous filing
Oct 19, 2021
Next filing
Mar 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Options Exercise +14.3K +15.48% 107K Mar 10, 2022 Direct F1
transaction AVDX Common Stock Options Exercise +20.4K +19.15% 127K Mar 10, 2022 Direct F1
transaction AVDX Common Stock Sale -$35.2K -4.86K -3.83% $7.25 122K Mar 10, 2022 Direct F2, F3
transaction AVDX Common Stock Sale -$50.3K -6.94K -5.69% $7.25 115K Mar 10, 2022 Direct F4, F5

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 -14.3K -49.99% $0.00 14.3K Mar 10, 2022 Common Stock 14.3K Direct F1, F6
transaction AVDX Restricted Stock Units Options Exercise $0 -20.4K -25% $0.00 61.2K Mar 10, 2022 Common Stock 20.4K Direct F1, F7
holding AVDX Restricted Stock Units 40 Mar 10, 2022 Common Stock 40 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
F2 Represents the disposition of shares that were sold to pay withholding taxes upon the vesting of 14,280 restricted stock units.
F3 This transaction was executed in multiple trades at prices ranging from $6.94 to $7.52. 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.
F4 Represents the disposition of shares that were sold to pay withholding taxes upon the vesting of 20,400 restricted stock units.
F5 This transaction was executed in multiple trades at prices ranging from $6.94 to $7.52. 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.
F6 On October 1, 2020, the reporting person was granted 28,564 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2020.
F7 On February 19, 2021, the reporting person was granted 81,612 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2021.
F8 The restricted stock units will vest on November 15, 2022.

Remarks:

Chief Growth Officer, Senior Vice President