Michael Praeger - 16 May 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
Issuer symbol
AVDX
Transactions as of
16 May 2022
Net transactions value
$0
Form type
4
Filing time
18 May 2022, 17:58:10 UTC
Previous filing
16 Mar 2022
Next filing
17 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Options Exercise +4,592 +0.05% 8,772,245 16 May 2022 Direct F1
transaction AVDX Common Stock Options Exercise +17,852 +0.2% 8,790,097 16 May 2022 Direct F1
holding AVDX Common Stock 660,627 16 May 2022 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 743,848 16 May 2022 By MP 2021 GRAT
holding AVDX Common Stock 1,888,652 16 May 2022 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1,328,276 16 May 2022 By Green and Gold 2015 GRAT
holding AVDX Common Stock 720,000 16 May 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 -4,592 -13% $0.000000 32,136 16 May 2022 Common Stock 4,592 Direct F1, F2
transaction AVDX Restricted Stock Units Options Exercise $0 -17,852 -8.3% $0.000000 196,388 16 May 2022 Common Stock 17,852 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