Michael Praeger - Jun 11, 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
Jun 11, 2024
Transactions value $
-$194,944
Form type
4
Date filed
6/13/2024, 05:57 PM
Previous filing
May 22, 2024
Next filing
Aug 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Options Exercise $122K +29.2K +0.28% $4.17 10.5M Jun 11, 2024 Direct
transaction AVDX Common Stock Sale -$317K -29.2K -0.28% $10.85 10.4M Jun 11, 2024 Direct F1
holding AVDX Common Stock 297K Jun 11, 2024 By MP Charitable Trust
holding AVDX Common Stock 503K Jun 11, 2024 By Cindy Praeger
holding AVDX Common Stock 661K Jun 11, 2024 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 1.89M Jun 11, 2024 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1.33M Jun 11, 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) Options Exercise $0 -29.2K -100% $0.00* 0 Jun 11, 2024 Common Stock 29.2K $4.17 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $10.82 to $10.88. 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.
F2 The option vested 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was June 19, 2019.