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

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
* 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