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Filing Details

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
1886969	Daniel Drees	C/O Avidxchange Holdings, Inc. 1210 Avidxchange Lane Charlotte NC 28206	President	No	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
Common Stock	Acquisiton	2023-05-15	1,788	$0.00	504,604	No	4	M	Direct
Common Stock	Acquisiton	2023-05-15	5,100	$0.00	509,704	No	4	M	Direct
Common Stock	Acquisiton	2023-05-15	16,325	$0.00	526,029	No	4	M	Direct
Common Stock	Disposition	2023-05-15	837	$8.82	525,192	No	4	S	Direct
Common Stock	Disposition	2023-05-15	2,386	$8.82	522,806	No	4	S	Direct
Common Stock	Disposition	2023-05-15	6,980	$8.82	515,826	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2023-05-15	1,788	$0.00	1,788	$0.00
Common Stock	Restricted Stock Units	Disposition	2023-05-15	5,100	$0.00	5,100	$0.00
Common Stock	Restricted Stock Units	Disposition	2023-05-15	16,325	$0.00	16,325	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,356	No	4	M	Direct
35,708	No	4	M	Direct
179,571	No	4	M	Direct

Footnotes

Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
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.
This transaction was executed in multiple trades at prices ranging from $8.67 to $8.89. 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.
On October 1, 2020, the reporting person was granted 28,564 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.
On February 19, 2021, the reporting person was granted 81,612 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.
On March 16, 2022, the reporting person was granted 261,194 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.