Matthew C. Harris - Nov 8, 2023 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Director
Signature
/s/ Matthew C. Harris
Stock symbol
AVDX
Transactions as of
Nov 8, 2023
Transactions value $
-$22,600,000
Form type
4
Date filed
11/13/2023, 07:27 PM
Previous filing
Jun 16, 2023
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Sale -$22.6M -2.5M -17.68% $9.04 11.6M Nov 8, 2023 See footnotes F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of shares of common stock held directly by Bain Capital Venture Fund 2014, L.P. ("BCV Fund 2014"), Bain Capital Venture Coinvestment Fund, L.P. ("BCV Coinvest Fund"), BCIP Venture Associates ("BCIP Venture") and BCIP Venture Associates-B ("BCIP Venture-B" and, together with BCV Fund 2014, BCV Coinvest Fund and BCIP Venture, the "Bain Capital Venture Entities").
F2 Bain Capital Venture Investors, LLC ("BCVI") (i) is the ultimate general partner of BCV Fund 2014 and BCV Coinvest Fund and (ii) governs the investment strategy and decision-making process with respect to investments held by each of BCIP Venture and BCIP Venture-B. Mr. Harris is a Partner of BCVI. By virtue of the relationships described in this footnote, Mr. Harris may be deemed to share voting and dispositive power with respect to the shares of common stock held by the Bain Capital Venture Entities. Mr. Harris disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.