Michael Praeger - May 20, 2024 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Signature
/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger
Stock symbol
AVDX
Transactions as of
May 20, 2024
Transactions value $
-$486,117
Form type
4
Date filed
5/22/2024, 05:30 PM
Previous filing
May 17, 2024
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Sale -$486K -43.7K -0.42% $11.11 10.4M May 20, 2024 Direct F1, F2
holding AVDX Common Stock 297K May 20, 2024 By MP Charitable Trust
holding AVDX Common Stock 503K May 20, 2024 By Cindy Praeger
holding AVDX Common Stock 661K May 20, 2024 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 1.89M May 20, 2024 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1.33M May 20, 2024 By Green and Gold 2015 GRAT
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $10.98 to $11.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.