Michael Praeger - 15 Aug 2025 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Chief Executive Officer, Director
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger
Issuer symbol
AVDX
Transactions as of
15 Aug 2025
Net transactions value
-$270,834
Form type
4
Filing time
19 Aug 2025, 19:42:40 UTC
Previous filing
19 May 2025
Next filing
15 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Praeger Michael Chief Executive Officer, Director C/O AVIDXCHANGE HOLDINGS, INC., 1210 AVIDXCHANGE LANE, CHARLOTTE /s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger 19 Aug 2025 0001886695

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Options Exercise +32,649 +0.3% 10,973,355 15 Aug 2025 Direct F1, F2
transaction AVDX Common Stock Tax liability $141,253 -14,268 -0.13% $9.90 10,959,087 15 Aug 2025 Direct
transaction AVDX Common Stock Tax liability $129,581 -13,089 -0.12% $9.90 10,945,998 15 Aug 2025 Direct
holding AVDX Common Stock 213,468 15 Aug 2025 By MP Charitable Trust
holding AVDX Common Stock 757,327 15 Aug 2025 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship F2
holding AVDX Common Stock 1,888,652 15 Aug 2025 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1,328,276 15 Aug 2025 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 -32,649 -33% $0.000000 65,299 15 Aug 2025 Common Stock 32,649 Direct F1, F3
* 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 Forms 4 filed on March 11, 15 and 16, 2022 inadvertently overstated Mr. Praeger's direct holdings of common stock by disclosing the open market purchases as being attributable to his direct holdings instead of his indirect holdings by Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship. Mr. Praeger's direct holdings on March 11, 15 and 16, 2022 (the dates the Forms 4 were filed) were 8,670,953 shares. Mr. Prager's indirect holdings by Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship on March 11, 15 and 16, 2022 (the dates the Forms 4 were filed) were 730,127, 744,427 and 757,327, respectively.
F3 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.