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

Role
Chief Executive Officer, Director
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger
Issuer symbol
AVDX
Transactions as of
08 Mar 2023
Net transactions value
$0
Form type
4
Filing time
10 Mar 2023, 18:26:50 UTC
Previous filing
08 Mar 2023
Next filing
17 Mar 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 +479,203 +5.1% $0.000000 9,888,844 08 Mar 2023 Direct F1
holding AVDX Common Stock 501,680 08 Mar 2023 By MP Charitable Trust
holding AVDX Common Stock 298,556 08 Mar 2023 By Cindy Praeger
holding AVDX Common Stock 660,627 08 Mar 2023 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 280,767 08 Mar 2023 By MP 2021 GRAT
holding AVDX Common Stock 1,888,652 08 Mar 2023 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1,328,276 08 Mar 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 +400,000 $0.000000 400,000 08 Mar 2023 Common Stock 400,000 $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