Filing Details
- Accession Number:
- 0000899243-22-010621
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-03-11 08:45:10
- Reporting Period:
- 2022-03-10
- Accepted Time:
- 2022-03-11 08:45:10
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1858257 | Avidxchange Holdings Inc. | AVDX | Services-Prepackaged Software (7372) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1886695 | Michael Praeger | C/O Avidxchange Holdings, Inc. 1210 Avidxchange Lane Charlotte NC 28206 | See Remarks | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2022-03-10 | 69,500 | $7.11 | 8,632,317 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2022-03-10 | 36,724 | $0.00 | 8,669,041 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2022-03-10 | 71,412 | $0.00 | 8,740,453 | No | 4 | M | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2022-03-10 | 36,724 | $0.00 | 36,724 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2022-03-10 | 71,412 | $0.00 | 71,412 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 36,728 | No | 4 | M | Direct | ||
| 214,240 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 660,627 | Indirect | By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship |
| Common Stock | 743,848 | Indirect | By MP 2021 GRAT |
| Common Stock | 1,888,652 | Indirect | By Green and Gold 2014 GRAT |
| Common Stock | 1,328,276 | Indirect | By Green and Gold 2015 GRAT |
| Common Stock | 720,000 | Indirect | By MP Charitable Trust |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | $0.00 | 40 | 40 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 40 | 40 | Direct |
Footnotes
- This transaction was executed in multiple trades at prices ranging from $6.88 to $7.53. The price reported above reflects the weighted average purchase 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.
- Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
- 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 6.25% quarterly thereafter. The vesting commencement date was February 15, 2020.
- 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 6.25% quarterly thereafter. The vesting commencement date was February 15, 2021.
- The restricted stock units will vest on November 15, 2022.
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