Michael Praeger - Mar 6, 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 6, 2023
Transactions value $
-$565,113
Form type
4
Date filed
3/8/2023, 07:05 PM
Previous filing
Mar 3, 2023
Next filing
Mar 10, 2023

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% 9.32M Mar 6, 2023 Direct F1
transaction AVDX Common Stock Options Exercise +17.9K +0.19% 9.34M Mar 6, 2023 Direct F1
transaction AVDX Common Stock Options Exercise +131K +1.4% 9.47M Mar 6, 2023 Direct F1
transaction AVDX Common Stock Sale -$21.3K -2.23K -0.02% $9.55 9.47M Mar 6, 2023 Direct F2, F3
transaction AVDX Common Stock Sale -$82.6K -8.65K -0.09% $9.55 9.46M Mar 6, 2023 Direct F2, F3
transaction AVDX Common Stock Sale -$461K -48.3K -0.51% $9.55 9.41M Mar 6, 2023 Direct F2, F3
holding AVDX Common Stock 502K Mar 6, 2023 By MP Charitable Trust
holding AVDX Common Stock 299K Mar 6, 2023 By Cindy Praeger
holding AVDX Common Stock 661K Mar 6, 2023 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 281K Mar 6, 2023 By MP 2021 GRAT
holding AVDX Common Stock 1.89M Mar 6, 2023 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1.33M Mar 6, 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 Restricted Stock Units Options Exercise $0 -4.59K -20% $0.00 18.4K Mar 6, 2023 Common Stock 4.59K Direct F1, F4
transaction AVDX Restricted Stock Units Options Exercise $0 -17.9K -11.11% $0.00 143K Mar 6, 2023 Common Stock 17.9K Direct F1, F5
transaction AVDX Restricted Stock Units Options Exercise $0 -131K -25% $0.00 392K Mar 6, 2023 Common Stock 131K 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 The sales reported on this Form 4 represent shares sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
F3 This transaction was executed in multiple trades at prices ranging from $9.49 to $9.99. 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 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 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.
F6 On March 16, 2022, the reporting person was granted 522,388 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2022.

Remarks:

President and Chief Executive Officer