Michael Praeger - Mar 16, 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
Stock symbol
AVDX
Transactions as of
Mar 16, 2022
Transactions value $
$0
Form type
4
Date filed
3/28/2022, 08:15 PM
Previous filing
Mar 15, 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 +583K $0.00 583K Mar 16, 2022 Common Stock 583K $8.04 Direct F1
transaction AVDX Restricted Stock Units Award $0 +522K $0.00 522K Mar 16, 2022 Common Stock 522K Direct F8, F9
holding AVDX Employee Stock Option (right to buy) 11.9K Mar 16, 2022 Common Stock 11.9K $3.50 Direct
holding AVDX Employee Stock Option (right to buy) 1.14K Mar 16, 2022 Common Stock 1.14K $3.50 Direct
holding AVDX Employee Stock Option (right to buy) 27.6K Mar 16, 2022 Common Stock 27.6K $3.54 Direct F2
holding AVDX Employee Stock Option (right to buy) 28.7K Mar 16, 2022 Common Stock 28.7K $3.54 Direct F3
holding AVDX Employee Stock Option (right to buy) 46.7K Mar 16, 2022 Common Stock 46.7K $4.17 Direct F4
holding AVDX Employee Stock Option (right to buy) 29.2K Mar 16, 2022 Common Stock 29.2K $4.17 Direct F5
holding AVDX Employee Stock Option (right to buy) 193K Mar 16, 2022 Common Stock 193K $10.42 Direct F6
holding AVDX Employee Stock Option (right to buy) 673K Mar 16, 2022 Common Stock 673K $12.11 Direct F7
holding AVDX Restricted Stock Units 36.7K Mar 16, 2022 Common Stock 36.7K Direct F8, F10
holding AVDX Restricted Stock Units 214K Mar 16, 2022 Common Stock 214K Direct F8, F11
holding AVDX Restricted Stock Units 40 Mar 16, 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