Michael Praeger - 15 Nov 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
15 Nov 2022
Net transactions value
-$93,263
Form type
4
Filing time
17 Nov 2022, 17:28:58 UTC
Previous filing
17 Aug 2022
Next filing
14 Feb 2023
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% 8,817,129 15 Nov 2022 Direct F1
transaction AVDX Common Stock Options Exercise +17,856 +0.2% 8,834,985 15 Nov 2022 Direct F1
transaction AVDX Common Stock Options Exercise +40 +0% 8,835,025 15 Nov 2022 Direct F1
transaction AVDX Common Stock Sale $19,052 -2,042 -0.02% $9.33 8,832,983 15 Nov 2022 Direct F2
transaction AVDX Common Stock Sale $74,034 -7,935 -0.09% $9.33 8,825,048 15 Nov 2022 Direct F2
transaction AVDX Common Stock Sale $177 -19 -0% $9.33 8,825,029 15 Nov 2022 Direct F2
holding AVDX Common Stock 501,680 15 Nov 2022 By MP Charitable Trust
holding AVDX Common Stock 298,556 15 Nov 2022 By Cindy Praeger F3
holding AVDX Common Stock 660,627 15 Nov 2022 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 743,848 15 Nov 2022 By MP 2021 GRAT
holding AVDX Common Stock 1,888,652 15 Nov 2022 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1,328,276 15 Nov 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 -4,592 -17% $0.000000 22,956 15 Nov 2022 Common Stock 4,592 Direct F1, F4
transaction AVDX Restricted Stock Units Options Exercise $0 -17,856 -10% $0.000000 160,680 15 Nov 2022 Common Stock 17,856 Direct F1, F5
transaction AVDX Restricted Stock Units Options Exercise $0 -40 -100% $0.000000* 0 15 Nov 2022 Common Stock 40 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 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 Includes an acquisition of 80,236 shares by inheritance on September 30, 2022.
F4 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.
F5 On February 19, 2021, the reporting person was granted 286,652 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.
F6 On November 15, 2022, the restricted stock units fully vested.

Remarks:

President and Chief Executive Officer