Michael Praeger - Mar 2, 2023 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
Mar 2, 2023
Transactions value $
$97,874
Form type
4
Date filed
3/3/2023, 05:32 PM
Previous filing
Feb 14, 2023
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 $97.9K +27.6K +0.3% $3.54 9.32M Mar 2, 2023 Direct F1
holding AVDX Common Stock 502K Mar 2, 2023 By MP Charitable Trust
holding AVDX Common Stock 299K Mar 2, 2023 By Cindy Praeger
holding AVDX Common Stock 661K Mar 2, 2023 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 281K Mar 2, 2023 By MP 2021 GRAT
holding AVDX Common Stock 1.89M Mar 2, 2023 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1.33M Mar 2, 2023 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 Employee Stock Option (right to buy) Options Exercise $0 -27.6K -100% $0.00* 0 Mar 2, 2023 Common Stock 27.6K $3.54 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes a 463,081 share transfer from the MP 2021 GRAT on December 19, 2022 of which the reporting person is the sole trustee. This transfer is exempt from Section 16 pursuant to Rule 16a-13.
F2 The option is fully vested and exercisable as of the date hereof.

Remarks:

President and Chief Executive Officer