Joel Wilhite - 08 Mar 2023 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Role
Chief Financial Officer, Senior Vice President
Signature
/s/ Ryan Stahl, Attorney-in-Fact for Joel Wilhite
Issuer symbol
AVDX
Transactions as of
08 Mar 2023
Net transactions value
$0
Form type
4
Filing time
10 Mar 2023, 18:23:28 UTC
Previous filing
08 Mar 2023
Next filing
17 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Award $0 +217,819 +192% $0.000000 331,258 08 Mar 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVDX Employee Stock Option (right to buy) Award $0 +181,818 $0.000000 181,818 08 Mar 2023 Common Stock 181,818 $9.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") which will vest 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2023. Each RSU represents a contingent right to receive one share of common stock of the Issuer and the RSUs have no expiration date.
F2 The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2023.

Remarks:

Chief Financial Officer, Senior Vice President