Daniel Drees - 16 Mar 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
Issuer symbol
AVDX
Transactions as of
16 Mar 2022
Net transactions value
$0
Form type
4
Filing time
28 Mar 2022, 20:19:22 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 +291,262 $0.000000 291,262 16 Mar 2022 Common Stock 291,262 $8.04 Direct F1
transaction AVDX Restricted Stock Units Award $0 +261,194 $0.000000 261,194 16 Mar 2022 Common Stock 261,194 Direct F6, F7
holding AVDX Employee Stock Option (right to buy) 67,744 16 Mar 2022 Common Stock 67,744 $3.22 Direct F2
holding AVDX Employee Stock Option (right to buy) 38,600 16 Mar 2022 Common Stock 38,600 $3.79 Direct F3
holding AVDX Employee Stock Option (right to buy) 75,024 16 Mar 2022 Common Stock 75,024 $10.42 Direct F4
holding AVDX Employee Stock Option (right to buy) 192,304 16 Mar 2022 Common Stock 192,304 $12.11 Direct F5
holding AVDX Restricted Stock Units 14,284 16 Mar 2022 Common Stock 14,284 Direct F6, F8
holding AVDX Restricted Stock Units 61,212 16 Mar 2022 Common Stock 61,212 Direct F6, F9
holding AVDX Restricted Stock Units 40 16 Mar 2022 Common Stock 40 Direct F6, F10
* 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