Michael Praeger - May 16, 2022 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
President and Chief Executive Officer, Director
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger
Stock symbol
AVDX
Transactions as of
May 16, 2022
Transactions value $
$0
Form type
4
Date filed
5/18/2022, 05:58 PM
Previous filing
Mar 16, 2022
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Options Exercise +4.59K +0.05% 8.77M May 16, 2022 Direct F1
transaction AVDX Common Stock Options Exercise +17.9K +0.2% 8.79M May 16, 2022 Direct F1
holding AVDX Common Stock 661K May 16, 2022 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 744K May 16, 2022 By MP 2021 GRAT
holding AVDX Common Stock 1.89M May 16, 2022 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1.33M May 16, 2022 By Green and Gold 2015 GRAT
holding AVDX Common Stock 720K May 16, 2022 By MP Charitable Trust

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 -4.59K -12.5% $0.00 32.1K May 16, 2022 Common Stock 4.59K Direct F1, F2
transaction AVDX Restricted Stock Units Options Exercise $0 -17.9K -8.33% $0.00 196K May 16, 2022 Common Stock 17.9K 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 On October 1, 2020, the reporting person was granted 73,452 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and 6.25% quarterly thereafter. The vesting commencement date was February 15, 2020.
F3 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 6.25% quarterly thereafter. The vesting commencement date was February 15, 2021.

Remarks:

President and Chief Executive Officer