Todd Alan Cunningham - 16 Mar 2022 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Chief People Officer, Senior Vice President
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Todd A. Cunningham
Issuer symbol
AVDX
Transactions as of
16 Mar 2022
Net transactions value
$0
Form type
4
Filing time
28 Mar 2022, 20:13:54 UTC
Previous filing
14 Mar 2022
Next filing
18 May 2022
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
transaction AVDX Employee Stock Option (right to buy) Award $0 +116,504 $0.000000 116,504 16 Mar 2022 Common Stock 116,504 $8.04 Direct F1
transaction AVDX Restricted Stock Units Award $0 +104,477 $0.000000 104,477 16 Mar 2022 Common Stock 104,477 Direct F6, F7
holding AVDX Employee Stock Option (right to buy) 80,772 16 Mar 2022 Common Stock 80,772 $0.2700 Direct
holding AVDX Employee Stock Option (right to buy) 47,664 16 Mar 2022 Common Stock 47,664 $0.9700 Direct
holding AVDX Employee Stock Option (right to buy) 19,604 16 Mar 2022 Common Stock 19,604 $2.04 Direct
holding AVDX Employee Stock Option (right to buy) 10,000 16 Mar 2022 Common Stock 10,000 $3.18 Direct
holding AVDX Employee Stock Option (right to buy) 27,648 16 Mar 2022 Common Stock 27,648 $3.22 Direct F2
holding AVDX Employee Stock Option (right to buy) 29,260 16 Mar 2022 Common Stock 29,260 $3.79 Direct F3
holding AVDX Employee Stock Option (right to buy) 53,588 16 Mar 2022 Common Stock 53,588 $10.42 Direct F4
holding AVDX Employee Stock Option (right to buy) 100,960 16 Mar 2022 Common Stock 100,960 $12.11 Direct F5
holding AVDX Restricted Stock Units 10,200 16 Mar 2022 Common Stock 10,200 Direct F6, F8
holding AVDX Restricted Stock Units 32,136 16 Mar 2022 Common Stock 32,136 Direct F6, F9
holding AVDX Restricted Stock Units 40 16 Mar 2022 Common Stock 40 Direct F6, F10
* 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 vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2022.
F2 The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 5, 2018.
F3 The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 20, 2019.
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.
F5 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, 2021.
F6 Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
F7 The restricted stock unit vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2022.
F8 On October 1, 2020, the reporting person was granted 20,400 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.
F9 On February 19, 2021, the reporting person was granted 42,848 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.
F10 The restricted stock units will vest on November 15, 2022.

Remarks:

Chief People Officer, Senior Vice President