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

Role
General Counsel and Secretary, Senior Vice President
Signature
/s/ Ryan Stahl
Stock symbol
AVDX
Transactions as of
Mar 16, 2022
Transactions value $
$0
Form type
4
Date filed
3/28/2022, 08:17 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 +175K $0.00 175K Mar 16, 2022 Common Stock 175K $8.04 Direct F1
transaction AVDX Restricted Stock Units Award $0 +157K $0.00 157K Mar 16, 2022 Common Stock 157K Direct F7, F8
holding AVDX Employee Stock Option (right to buy) 2.17K Mar 16, 2022 Common Stock 2.17K $3.22 Direct F2
holding AVDX Employee Stock Option (right to buy) 5.63K Mar 16, 2022 Common Stock 5.63K $3.22 Direct F3
holding AVDX Employee Stock Option (right to buy) 30.8K Mar 16, 2022 Common Stock 30.8K $3.79 Direct F4
holding AVDX Employee Stock Option (right to buy) 53.6K Mar 16, 2022 Common Stock 53.6K $10.42 Direct F5
holding AVDX Employee Stock Option (right to buy) 81.7K Mar 16, 2022 Common Stock 81.7K $12.11 Direct F6
holding AVDX Restricted Stock Units 10.2K Mar 16, 2022 Common Stock 10.2K Direct F7, F9
holding AVDX Restricted Stock Units 26K Mar 16, 2022 Common Stock 26K Direct F7, F10
holding AVDX Restricted Stock Units 40 Mar 16, 2022 Common Stock 40 Direct F7, F11
* 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 6, 2017.
F3 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.
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 vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2020.
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, 2021.
F7 Upon vesting, restricted stock units convert into common stock on a one-for-one-basis
F8 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.
F9 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.
F10 On February 19, 2021, the reporting person was granted 34,684 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.
F11 The restricted stock units will vest on November 15, 2022.

Remarks:

General Counsel and Secretary, Senior Vice President