Michael Praeger - 16 Mar 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
Issuer symbol
AVDX
Transactions as of
16 Mar 2022
Net transactions value
$0
Form type
4
Filing time
28 Mar 2022, 20:15:53 UTC
Previous filing
15 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 +582,524 $0.000000 582,524 16 Mar 2022 Common Stock 582,524 $8.04 Direct F1
transaction AVDX Restricted Stock Units Award $0 +522,388 $0.000000 522,388 16 Mar 2022 Common Stock 522,388 Direct F8, F9
holding AVDX Employee Stock Option (right to buy) 11,880 16 Mar 2022 Common Stock 11,880 $3.50 Direct
holding AVDX Employee Stock Option (right to buy) 1,144 16 Mar 2022 Common Stock 1,144 $3.50 Direct
holding AVDX Employee Stock Option (right to buy) 27,648 16 Mar 2022 Common Stock 27,648 $3.54 Direct F2
holding AVDX Employee Stock Option (right to buy) 28,744 16 Mar 2022 Common Stock 28,744 $3.54 Direct F3
holding AVDX Employee Stock Option (right to buy) 46,692 16 Mar 2022 Common Stock 46,692 $4.17 Direct F4
holding AVDX Employee Stock Option (right to buy) 29,192 16 Mar 2022 Common Stock 29,192 $4.17 Direct F5
holding AVDX Employee Stock Option (right to buy) 192,824 16 Mar 2022 Common Stock 192,824 $10.42 Direct F6
holding AVDX Employee Stock Option (right to buy) 673,076 16 Mar 2022 Common Stock 673,076 $12.11 Direct F7
holding AVDX Restricted Stock Units 36,728 16 Mar 2022 Common Stock 36,728 Direct F8, F10
holding AVDX Restricted Stock Units 214,240 16 Mar 2022 Common Stock 214,240 Direct F8, F11
holding AVDX Restricted Stock Units 40 16 Mar 2022 Common Stock 40 Direct F8, F12
* 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 April 27, 2018.
F4 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.
F5 The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was June 19, 2019.
F6 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.
F7 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.
F8 Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
F9 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.
F10 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.
F11 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.
F12 The restricted stock units will vest on November 15, 2022.

Remarks:

President and Chief Executive Officer