Michael Praeger - Mar 8, 2023 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Signature
/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger
Stock symbol
AVDX
Transactions as of
Mar 8, 2023
Transactions value $
$0
Form type
4
Date filed
3/10/2023, 06:26 PM
Previous filing
Mar 8, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Award $0 +479K +5.09% $0.00 9.89M Mar 8, 2023 Direct F1
holding AVDX Common Stock 502K Mar 8, 2023 By MP Charitable Trust
holding AVDX Common Stock 299K Mar 8, 2023 By Cindy Praeger
holding AVDX Common Stock 661K Mar 8, 2023 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 281K Mar 8, 2023 By MP 2021 GRAT
holding AVDX Common Stock 1.89M Mar 8, 2023 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1.33M Mar 8, 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) Award $0 +400K $0.00 400K Mar 8, 2023 Common Stock 400K $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.

Remarks:

Chief Executive Officer