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

Role: Chief Growth Officer, Senior Vice President
Signature: /s/ Ryan Stahl, Attorney-in-Fact for Daniel Drees
Stock symbol: AVDX
Transactions as of: Mar 16, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/28/2022, 08:19 PM
Previous filing: Mar 14, 2022
Next filing: May 18, 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	+291K		$0.00	291K	Mar 16, 2022	Common Stock	291K	$8.04	Direct	F1
transaction	AVDX	Restricted Stock Units	Award	$0	+261K		$0.00	261K	Mar 16, 2022	Common Stock	261K		Direct	F6, F7
holding	AVDX	Employee Stock Option (right to buy)						67.7K	Mar 16, 2022	Common Stock	67.7K	$3.22	Direct	F2
holding	AVDX	Employee Stock Option (right to buy)						38.6K	Mar 16, 2022	Common Stock	38.6K	$3.79	Direct	F3
holding	AVDX	Employee Stock Option (right to buy)						75K	Mar 16, 2022	Common Stock	75K	$10.42	Direct	F4
holding	AVDX	Employee Stock Option (right to buy)						192K	Mar 16, 2022	Common Stock	192K	$12.11	Direct	F5
holding	AVDX	Restricted Stock Units						14.3K	Mar 16, 2022	Common Stock	14.3K		Direct	F6, F8
holding	AVDX	Restricted Stock Units						61.2K	Mar 16, 2022	Common Stock	61.2K		Direct	F6, F9
holding	AVDX	Restricted Stock Units						40	Mar 16, 2022	Common Stock	40		Direct	F6, F10

Showing 1 to 9 of 9 entries

* 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 June 14, 2018.
F3	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.
F4	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.
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, 2021.
F6	Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
F7	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.
F8	On October 1, 2020, the reporting person was granted 28,564 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.
F9	On February 19, 2021, the reporting person was granted 81,612 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.
F10	The restricted stock units will vest on November 15, 2022.

Remarks:

Chief Growth Officer, Senior Vice President