Michael Praeger - Aug 17, 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
Aug 17, 2023
Transactions value $
-$598,193
Form type
4
Date filed
8/21/2023, 05:38 PM
Previous filing
Aug 17, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Sale -$598K -59.6K -0.6% $10.04 9.92M Aug 17, 2023 Direct F1, F2
holding AVDX Common Stock 502K Aug 17, 2023 By MP Charitable Trust
holding AVDX Common Stock 299K Aug 17, 2023 By Cindy Praeger
holding AVDX Common Stock 661K Aug 17, 2023 By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding AVDX Common Stock 281K Aug 17, 2023 By MP 2021 GRAT
holding AVDX Common Stock 1.89M Aug 17, 2023 By Green and Gold 2014 GRAT
holding AVDX Common Stock 1.33M Aug 17, 2023 By Green and Gold 2015 GRAT
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 16, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $9.94 to $10.11 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.