Michael Praeger - 15 Nov 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: 15 Nov 2023
Net transactions value: -$245,545
Form type: 4
Filing time: 17 Nov 2023, 17:56:02 UTC
Previous filing: 21 Aug 2023
Next filing: 21 Nov 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	Options Exercise		+4,592	+0.05%		9,922,180	15 Nov 2023	Direct	F1
transaction	AVDX	Common Stock	Options Exercise		+17,852	+0.18%		9,940,032	15 Nov 2023	Direct	F1
transaction	AVDX	Common Stock	Options Exercise		+32,649	+0.33%		9,972,681	15 Nov 2023	Direct	F1
transaction	AVDX	Common Stock	Sale	$20,473	-2,102	-0.02%	$9.74	9,970,579	15 Nov 2023	Direct	F2, F3
transaction	AVDX	Common Stock	Sale	$79,566	-8,169	-0.08%	$9.74	9,962,410	15 Nov 2023	Direct	F2, F3
transaction	AVDX	Common Stock	Sale	$145,506	-14,939	-0.15%	$9.74	9,947,471	15 Nov 2023	Direct	F2, F3
holding	AVDX	Common Stock						501,680	15 Nov 2023	By MP Charitable Trust
holding	AVDX	Common Stock						298,556	15 Nov 2023	By Cindy Praeger
holding	AVDX	Common Stock						660,627	15 Nov 2023	By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
holding	AVDX	Common Stock						280,767	15 Nov 2023	By MP 2021 GRAT
holding	AVDX	Common Stock						1,888,652	15 Nov 2023	By Green and Gold 2014 GRAT
holding	AVDX	Common Stock						1,328,276	15 Nov 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	-4,592	-50%	$0.000000	4,592	15 Nov 2023	Common Stock	4,592		Direct	F1, F4
transaction	AVDX	Restricted Stock Units	Options Exercise	$0	-17,852	-17%	$0.000000	89,268	15 Nov 2023	Common Stock	17,852		Direct	F1, F5
transaction	AVDX	Restricted Stock Units	Options Exercise	$0	-32,649	-10%	$0.000000	293,844	15 Nov 2023	Common Stock	32,649		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 $9.65 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.