Daniel Drees - 15 Aug 2022 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Chief Growth Officer, Senior Vice President
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Daniel Drees
Issuer symbol
AVDX
Transactions as of
15 Aug 2022
Net transactions value
-$20,090
Form type
4
Filing time
17 Aug 2022, 18:05:38 UTC
Previous filing
18 May 2022
Next filing
17 Nov 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 +1,788 +1.5% 120,453 15 Aug 2022 Direct F1
transaction AVDX Common Stock Options Exercise +5,104 +4.2% 125,557 15 Aug 2022 Direct F1
transaction AVDX Common Stock Sale $5,219 -571 -0.45% $9.14 124,986 15 Aug 2022 Direct F2, F3
transaction AVDX Common Stock Sale $14,871 -1,627 -1.3% $9.14 123,359 15 Aug 2022 Direct F3, F4

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 -1,788 -14% $0.000000 10,712 15 Aug 2022 Common Stock 1,788 Direct F1, F5
transaction AVDX Restricted Stock Units Options Exercise $0 -5,104 -9.1% $0.000000 51,008 15 Aug 2022 Common Stock 5,104 Direct F1, F6
* 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 Represents the disposition of shares that were sold to pay withholding taxes upon the vesting of 1,788 restricted stock units.
F3 This transaction was executed in multiple trades at prices ranging from $8.79 to $9.30. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 Represents the disposition of shares that were sold to pay withholding taxes upon the vesting of 5,104 restricted stock units.
F5 On October 1, 2020, the reporting person was granted 28,564 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2020.
F6 On February 19, 2021, the reporting person was granted 81,612 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2021.

Remarks:

Chief Growth Officer, Senior Vice President