Filing Details
- Accession Number:
- 0001209191-23-055834
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-11-17 17:47:57
- Reporting Period:
- 2023-11-15
- Accepted Time:
- 2023-11-17 17:47:57
- 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 |
|---|---|---|---|---|---|---|---|
| 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 | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-11-15 | 1,784 | $0.00 | 506,673 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2023-11-15 | 5,104 | $0.00 | 511,777 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2023-11-15 | 16,325 | $0.00 | 528,102 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-11-15 | 848 | $9.74 | 527,254 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-15 | 2,424 | $9.74 | 524,830 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-15 | 7,749 | $9.74 | 517,081 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | 2023-11-15 | 1,784 | $0.00 | 1,784 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-11-15 | 5,104 | $0.00 | 5,104 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-11-15 | 16,325 | $0.00 | 16,325 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,788 | No | 4 | M | Direct | ||
| 25,504 | No | 4 | M | Direct | ||
| 146,922 | 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 $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.
- 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.
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