Angelic Gibson - Mar 16, 2022 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Chief Information Officer, Senior Vice President
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Angelic Gibson
Stock symbol
AVDX
Transactions as of
Mar 16, 2022
Transactions value $
$0
Form type
4
Date filed
3/28/2022, 08:14 PM
Previous filing
Mar 14, 2022
Next filing
May 18, 2022

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 +194K $0.00 194K Mar 16, 2022 Common Stock 194K $8.04 Direct F1
transaction AVDX Restricted Stock Units Award $0 +174K $0.00 174K Mar 16, 2022 Common Stock 174K Direct F5, F6
holding AVDX Employee Stock Option (right to buy) 32K Mar 16, 2022 Common Stock 32K $3.79 Direct F2
holding AVDX Employee Stock Option (right to buy) 53.6K Mar 16, 2022 Common Stock 53.6K $10.42 Direct F3
holding AVDX Employee Stock Option (right to buy) 178K Mar 16, 2022 Common Stock 178K $12.11 Direct F4
holding AVDX Restricted Stock Units 10.2K Mar 16, 2022 Common Stock 10.2K Direct F5, F7
holding AVDX Restricted Stock Units 56.6K Mar 16, 2022 Common Stock 56.6K Direct F5, F8
holding AVDX Restricted Stock Units 40 Mar 16, 2022 Common Stock 40 Direct F5, F9
* 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 December 12, 2018.
F3 The option vests 25% on the first anniversary of the vesting commencement date and quartly thereafter over 12 quarters. The vesting commencement date was February 15, 2020.
F4 The option vests 25% on the first anniversary of the vesting commencement date and quartly thereafter over 12 quarters. The vesting commencement date was February 15, 2021.
F5 Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
F6 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.
F7 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.
F8 On February 19, 2021, the reporting person was granted 75,492 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.
F9 The restricted stock units will vest on November 15, 2022.

Remarks:

Chief Information Officer, Senior Vice President