Michael Praeger - Mar 6, 2024 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Chief Executive Officer, Director
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger
Stock symbol
AVDX
Transactions as of
Mar 6, 2024
Transactions value $
$0
Form type
4
Date filed
3/8/2024, 05:35 PM
Previous filing
Mar 5, 2024
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Award $0 +392K +3.85% $0.00 10.6M Mar 6, 2024 Direct F1
holding AVDX Common Stock 297K Mar 6, 2024 By MP Charitable Trust
holding AVDX Common Stock 503K Mar 6, 2024 By Cindy Praeger
holding AVDX Common Stock 661K Mar 6, 2024 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 1.89M Mar 6, 2024 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1.33M Mar 6, 2024 By Green and Gold 2015 GRAT

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 +347K $0.00 347K Mar 6, 2024 Common Stock 347K $6.05 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") which will vest 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2024. Each RSU represents a contingent right to receive one share of common stock of the Issuer and the RSUs have no expiration date.
F2 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, 2024.