Joel Wilhite - 15 Oct 2025 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Chief Financial Officer, Senior Vice President
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Joel Wilhite
Issuer symbol
AVDX
Transactions as of
15 Oct 2025
Net transactions value
$0
Form type
4
Filing time
15 Oct 2025, 16:28:51 UTC
Previous filing
19 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Wilhite Joel Chief Financial Officer, Senior Vice President C/O AVIDXCHANGE HOLDINGS, INC., 1210 AVIDXCHANGE LANE, CHARLOTTE /s/ Ryan Stahl, Attorney-in-Fact for Joel Wilhite 15 Oct 2025 0001887238

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Disposed to Issuer -804,014 -100% 0 15 Oct 2025 Direct F1, F2

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 Disposed to Issuer -32,650 -100% 0 15 Oct 2025 Common Stock 32,650 Direct F2
transaction AVDX Employee Stock Option (right to buy) Disposed to Issuer -158,572 -100% 0 15 Oct 2025 Common Stock 158,572 $3.18 Direct F3, F4
transaction AVDX Employee Stock Option (right to buy) Disposed to Issuer -85,347 -100% 0 15 Oct 2025 Common Stock 85,347 $3.21 Direct F3, F4
transaction AVDX Employee Stock Option (right to buy) Disposed to Issuer -35,637 -100% 0 15 Oct 2025 Common Stock 35,637 $3.78 Direct F3, F4
transaction AVDX Employee Stock Option (right to buy) Disposed to Issuer -291,262 -100% 0 15 Oct 2025 Common Stock 291,262 $8.04 Direct F3, F4
transaction AVDX Employee Stock Option (right to buy) Disposed to Issuer -181,818 -100% 0 15 Oct 2025 Common Stock 181,818 $9.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joel Wilhite is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the terms of an Agreement and Plan of Merger, dated May 6, 2025 (as it may be amended from time to time, the "Merger Agreement"), by and among the Issuer, Arrow Borrower 2025, Inc. ("Parent"), and Arrow Merger Sub 2025, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent (the "Effective Time"). At the Effective Time, each outstanding share of Common Stock was automatically converted into the right to receive $10.00 in cash, without interest (the "Merger Consideration").
F2 At the Effective Time, each outstanding restricted stock unit that does not vest upon the occurrence of the Effective Time was automatically substituted and immediately converted into a cash award equal to the product of (i) the aggregate number of shares of Common Stock underlying such unvested restricted stock unit immediately prior to the Effective Time multiplied by (ii) the Merger Consideration, subject to the terms and conditions of the corresponding award.
F3 Pursuant to the terms of the Merger Agreement, each stock option that was outstanding, unexercised and vested immediately prior to the Effective Time was automatically canceled and terminated and converted into the right to receive a payment in cash equal to the product obtained by multiplying (a) the aggregate number of shares of Common Stock subject to such vested stock option immediately prior to the Effective Time and (b) the excess, if any, of the Merger Consideration over the exercise price per share of such vested stock option.
F4 Each outstanding and unvested stock option immediately prior to the Effective Time with a per share exercise price less than the Merger Consideration was substituted and immediately converted into a cash award equal to (x) the aggregate number of shares of Common Stock subject to such unvested stock option immediately prior to the Effective Time multiplied by (y) the excess, if any, of the Merger Consideration over the exercise price per share of such unvested stock option, subject to the same terms and conditions applicable prior to the Effective Time.

Remarks:

Chief Financial Officer, Senior Vice President