Michael Praeger - Aug 15, 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
Aug 15, 2022
Transactions value $
$0
Form type
4
Date filed
8/17/2022, 08:08 PM
Previous filing
May 18, 2022
Next filing
Nov 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% 8.79M Aug 15, 2022 Direct F1
transaction AVDX Common Stock Options Exercise +17.9K +0.2% 8.81M Aug 15, 2022 Direct F1
transaction AVDX Common Stock Gift $0 -218K -30.32% $0.00 502K Aug 16, 2022 By MP Charitable Trust F2
transaction AVDX Common Stock Gift $0 +218K $0.00 218K Aug 16, 2022 By Cindy Praeger F2
holding AVDX Common Stock 661K Aug 15, 2022 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 744K Aug 15, 2022 By MP 2021 GRAT
holding AVDX Common Stock 1.89M Aug 15, 2022 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1.33M Aug 15, 2022 By Green and Gold 2015 GRAT

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 -14.28% $0.00 27.5K Aug 15, 2022 Common Stock 4.59K Direct F1, F3
transaction AVDX Restricted Stock Units Options Exercise $0 -17.9K -9.09% $0.00 179K Aug 15, 2022 Common Stock 17.9K Direct F1, F4
* 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 transfer to Reporting Person's spouse.
F3 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 quarterly thereafter. The vesting commencement date was February 15, 2020.
F4 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 quarterly thereafter. The vesting commencement date was February 15, 2021.

Remarks:

President and Chief Executive Officer