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Filing Details

Accession Number:: 0000950170-24-061953
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-05-17 17:48:20
Reporting Period:: 2024-05-15

Accepted Time:: 2024-05-17 17:48:20
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	Chief Executive Officer	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2024-05-15	17,856	$0.00	10,488,316	No	4	M	Direct
Common Stock	Acquisiton	2024-05-15	32,649	$0.00	10,520,965	No	4	M	Direct
Common Stock	Disposition	2024-05-15	5,641	$11.24	10,515,324	No	4	S	Direct
Common Stock	Disposition	2024-05-15	10,315	$11.24	10,505,009	No	4	S	Direct
Common Stock	Disposition	2024-05-15	9,462	$11.24	10,495,547	No	4	S	Direct
Common Stock	Disposition	2024-05-16	2,508	$11.21	10,493,039	No	4	S	Direct
Common Stock	Disposition	2024-05-16	4,585	$11.21	10,488,454	No	4	S	Direct
Common Stock	Disposition	2024-05-16	4,206	$11.21	10,484,248	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2024-05-15	17,856	$0.00	17,856	$0.00
Common Stock	Restricted Stock Units	Disposition	2024-05-15	32,649	$0.00	32,649	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
53,560			No	4	M	Direct
228,545			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	297,026	Indirect	By MP Charitable Trust
Restricted Stock Units	503,210	Indirect	By Cindy Praeger
Common Stock	660,627	Indirect	By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
Common Stock	1,888,652	Indirect	By Green and Gold 2014 GRAT
Common Stock	1,328,276	Indirect	By Green and Gold 2015 GRAT

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 $11.16 to $11.38. 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.
This transaction was executed in multiple trades at prices ranging from $11.12 to $11.27. 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 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.
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.