Daniel Drees - 08 Mar 2023 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role: President
Signature: /s/ Ryan Stahl, Attorney-in-Fact for Daniel Drees
Issuer symbol: AVDX
Transactions as of: 08 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 10 Mar 2023, 18:14:57 UTC
Previous filing: 08 Mar 2023
Next filing: 17 May 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	Award	$0	+326,729	+186%	$0.000000	502,816	08 Mar 2023	Direct	F1

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)	Award	$0	+272,727		$0.000000	272,727	08 Mar 2023	Common Stock	272,727	$9.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units ("RSUs") which will vest 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2023. Each RSU represents a contingent right to receive one share of common stock of the Issuer and the RSUs have no expiration date.
F2	The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2023.