Lance Drummond - Jun 9, 2022 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role: Director
Signature: /s/ Ryan Stahl, Attorney-in-Fact for Lance Drummond
Stock symbol: AVDX
Transactions as of: Jun 9, 2022
Transactions value $: $174,999
Form type: 4
Date filed: 6/13/2022, 09:07 PM
Previous filing: Jun 2, 2022
Next filing: May 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVDX	Common Stock	Award	$175K	+22.8K	+318.39%	$7.67	30K	Jun 9, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSUs") which will vest on the first to occur of (A) the first anniversary of the date of grant or (B) the next occurring annual meeting of the Issuer's stockholders, subject to the Reporting Person's continuous service on the board of directors of the Issuer through such vesting date. Each RSU represents a contingent right to receive one share of common stock of the Issuer and the RSUs have no expiration date.

Content

Represents restricted stock units ("RSUs") which will vest on the first to occur of (A) the first anniversary of the date of grant or (B) the next occurring annual meeting of the Issuer's stockholders, subject to the Reporting Person's continuous service on the board of directors of the Issuer through such vesting date. Each RSU represents a contingent right to receive one share of common stock of the Issuer and the RSUs have no expiration date.