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
SEC: View on sec.gov

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

Showing 1 to 4 of 4 entries

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