Michael Praeger - 15 Nov 2024 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Signature
/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger
Issuer symbol
AVDX
Transactions as of
15 Nov 2024
Net transactions value
-$397,017
Form type
4
Filing time
19 Nov 2024, 17:14:15 UTC
Previous filing
05 Sep 2024
Next filing
04 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Options Exercise +17,852 +0.17% 10,428,835 15 Nov 2024 Direct F1
transaction AVDX Common Stock Options Exercise +32,649 +0.31% 10,461,484 15 Nov 2024 Direct F1
transaction AVDX Common Stock Sale $88,102 -8,449 -0.08% $10.43 10,453,035 15 Nov 2024 Direct F2, F3
transaction AVDX Common Stock Sale $161,115 -15,451 -0.15% $10.43 10,437,584 15 Nov 2024 Direct F2, F3
transaction AVDX Common Stock Sale $147,799 -14,174 -0.14% $10.43 10,423,410 15 Nov 2024 Direct F2, F3
holding AVDX Common Stock 213,468 15 Nov 2024 By MP Charitable Trust
holding AVDX Common Stock 586,768 15 Nov 2024 By Cindy Praeger
holding AVDX Common Stock 660,627 15 Nov 2024 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 1,888,652 15 Nov 2024 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1,328,276 15 Nov 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 Restricted Stock Units Options Exercise $0 -17,852 -50% $0.000000 17,856 15 Nov 2024 Common Stock 17,852 Direct F1, F4
transaction AVDX Restricted Stock Units Options Exercise $0 -32,649 -17% $0.000000 163,247 15 Nov 2024 Common Stock 32,649 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
F2 The sales reported on this Form 4 represent shares sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
F3 This transaction was executed in multiple trades at prices ranging from $10.27 to $10.57. 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.
F4 On February 19, 2021, the reporting person was granted 285,652 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.
F5 On March 16, 2022, the reporting person was granted 522,388 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2022.