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

Role
General Counsel and Secretary, Senior Vice President
Signature
/s/ Ryan Stahl
Issuer symbol
AVDX
Transactions as of
16 Mar 2022
Net transactions value
$0
Form type
4
Filing time
28 Mar 2022, 20:17:49 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 +174,757 $0.000000 174,757 16 Mar 2022 Common Stock 174,757 $8.04 Direct F1
transaction AVDX Restricted Stock Units Award $0 +156,716 $0.000000 156,716 16 Mar 2022 Common Stock 156,716 Direct F7, F8
holding AVDX Employee Stock Option (right to buy) 2,172 16 Mar 2022 Common Stock 2,172 $3.22 Direct F2
holding AVDX Employee Stock Option (right to buy) 5,632 16 Mar 2022 Common Stock 5,632 $3.22 Direct F3
holding AVDX Employee Stock Option (right to buy) 30,840 16 Mar 2022 Common Stock 30,840 $3.79 Direct F4
holding AVDX Employee Stock Option (right to buy) 53,588 16 Mar 2022 Common Stock 53,588 $10.42 Direct F5
holding AVDX Employee Stock Option (right to buy) 81,728 16 Mar 2022 Common Stock 81,728 $12.11 Direct F6
holding AVDX Restricted Stock Units 10,200 16 Mar 2022 Common Stock 10,200 Direct F7, F9
holding AVDX Restricted Stock Units 26,016 16 Mar 2022 Common Stock 26,016 Direct F7, F10
holding AVDX Restricted Stock Units 40 16 Mar 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