Nigel W. Morris - 15 Oct 2021 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Reporting relationship: Director
Issuer ticker: AVDX
Reported as of: 15 Oct 2021
Net transaction value: -$21.04
SEC form: 4
Accepted by SEC: 19 Oct 2021, 21:04:14 UTC
Prior SEC filing: 12 Oct 2021
Next SEC filing: 08 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Ryan Stahl, Attorney-in-Fact for Nigel Morris

Key filing fact

Nigel W. Morris filed Form 4 for AvidXchange Holdings, Inc. (AVDX) on 19 Oct 2021.

Key facts

This page summarizes Nigel W. Morris's Form 4 filing for AvidXchange Holdings, Inc. (AVDX).
5 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 19 Oct 2021, 21:04.

Change

Previous filing in this sequence was filed on 12 Oct 2021.
Current net transaction value: -$21.04.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AVDX transaction

Common Stock

Options Exercise

Transaction value: $718,129
Shares: +352,024
Change %
Price: $2.04
Shares after: 352,024
Date: 15 Oct 2021
Ownership: By QED Fund III, L.P.
Footnotes: F1

AVDX transaction

Common Stock

Tax liability

Transaction value: $718,150
Shares: -28,726
Change %: -8.2%
Price: $25.00
Shares after: 323,298
Date: 15 Oct 2021
Ownership: By QED Fund III, L.P.
Footnotes: F1

AVDX transaction

Common Stock

Conversion of derivative security

Transaction value
Shares: +890,792
Change %: +276%
Price
Shares after: 1,214,090
Date: 15 Oct 2021
Ownership: By QED Fund III, L.P.
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AVDX transaction Derivative

Warrant (right to buy)

Options Exercise

Transaction value: $0
Shares: -352,024
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Oct 2021
Ownership: By QED Fund II, L.P.
Underlying class: Common Stock
Underlying amount: 352,024
Exercise price: $2.04
Footnotes: F3

AVDX transaction Derivative

Series E Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -222,698
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Oct 2021
Ownership: By QED Fund II, L.P.
Underlying class: Common Stock
Underlying amount: 890,792
Exercise price
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

In connection with the issuer's initial public offering of common stock, these warrants were automatically converted into shares of the issuer's common stock on a net exercise basis.

Footnote F2

In connection with the issuer's initial public offering of common stock, all shares of Series E Preferred Stock were automatically converted into shares of the issuer's common stock on a 4-for-1 basis. The preferred stock was perpetual and therefore had no expiration date.

Footnote F3

The number of underlying shares of common stock and the exercise price reflect the 4-for-1 forward stock split which was effected on September 30, 2021.