Daniel Drees - Nov 15, 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
Stock symbol
AVDX
Transactions as of
Nov 15, 2022
Transactions value $
-$20,283
Form type
4
Date filed
11/17/2022, 05:22 PM
Previous filing
Aug 17, 2022
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Options Exercise +1.78K +1.45% 125K Nov 15, 2022 Direct F1
transaction AVDX Common Stock Options Exercise +5.1K +4.08% 130K Nov 15, 2022 Direct F1
transaction AVDX Common Stock Options Exercise +40 +0.03% 130K Nov 15, 2022 Direct F1
transaction AVDX Common Stock Sale -$5.22K -560 -0.43% $9.33 130K Nov 15, 2022 Direct F2
transaction AVDX Common Stock Sale -$14.9K -1.6K -1.23% $9.33 128K Nov 15, 2022 Direct F2
transaction AVDX Common Stock Sale -$131 -14 -0.01% $9.33 128K Nov 15, 2022 Direct F2

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 -1.78K -16.65% $0.00 8.93K Nov 15, 2022 Common Stock 1.78K Direct F1, F3
transaction AVDX Restricted Stock Units Options Exercise $0 -5.1K -10% $0.00 45.9K Nov 15, 2022 Common Stock 5.1K Direct F1, F4
transaction AVDX Restricted Stock Units Options Exercise $0 -40 -100% $0.00* 0 Nov 15, 2022 Common Stock 40 Direct F1, F5
* 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 This transaction was executed in multiple trades at prices ranging from $9.15 to $9.52. 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.
F3 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.
F4 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.
F5 On November 15, 2022, the restricted stock units fully vested.

Remarks:

Chief Growth Officer, Senior Vice President