Filing Details
- Accession Number:
- 0001641172-25-010295
- Form Type:
- 13G Filing
- Publication Date:
- 2025-05-13 20:00:00
- Filed By:
- Michael Praeger
- Company:
- Avidxchange Holdings Inc.
- Filing Date:
- 2025-05-14
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Beneficially Owned Number of Shares | Beneficially Owned Number of Aggregate Shares | Percent of Class |
|---|---|---|---|
| Michael Praeger | 0 | 16,157,177 | 7.8% |
Filing
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 1)
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AvidXchange Holdings, Inc. (Name of Issuer) |
Common Stock, $0.001 par value per share (Title of Class of Securities) |
05368X102 (CUSIP Number) |
03/31/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
|
| Rule 13d-1(c)
|
 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 05368X102 |
| 1 | Names of Reporting Persons
Michael Praeger | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
16,157,177.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
7.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
AvidXchange Holdings, Inc. | |
| (b) | Address of issuer's principal executive offices:
1210 AvidXchange Lane, Charlotte, NC, 28206 | |
| Item 2. | ||
| (a) | Name of person filing:
This statement is filed on behalf of Michael Praeger (the "Reporting Person"). | |
| (b) | Address or principal business office or, if none, residence:
The principal business address of the Reporting Person is 1210 AvidXchange Lane, Charlotte, NC 28206. | |
| (c) | Citizenship:
The Reporting Person is a citizen of the United States. | |
| (d) | Title of class of securities:
Common Stock, $0.001 par value per share | |
| (e) | CUSIP No.:
05368X102 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
| |
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
| |
| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
| |
| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
| |
| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
| |
| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
| |
| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
| |
| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
| |
| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
| |
| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
| |
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
The ownership information below represents beneficial ownership of shares of Common Stock as of March 31, 2025, based upon 206,238,144 shares of Common Stock outstanding as of April 28, 2025, as disclosed in the Issuer's Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 30, 2025.
The Reporting Person may be deemed to beneficially own 16,157,177 shares of Common Stock, which consists of: (a)(i) 9,719,576 shares of Common Stock, (ii) 1,672,717 shares of Common Stock underlying stock options exercisable within 60 days of March 31, 2025, and (iii) 87,093 shares of Common Stock underlying restricted stock units vesting within 60 days of March 31, 2025, held in each case by the Reporting Person; (b) 660,627 shares of Common Stock held directly by the Reporting Person and his spouse as joint tenants with right of survivorship; (c) 1,888,652 shares of Common Stock held directly by Green and Gold 2014 GRAT, for which the Reporting Person is the trustee; (d) 1,328,276 shares of Common Stock held directly by Green and Gold 2015 GRAT, for which the Reporting Person is the trustee; (e) 213,468 shares of Common Stock held directly by MP Charitable Trust, for which the Reporting Person is the trustee; and (f) 586,768 shares of Common Stock held directly by the Reporting Person's spouse. | |
| (b) | Percent of class:
7.8% | |
| (c) | Number of shares as to which the person has:
| |
| (i) Sole power to vote or to direct the vote:
11,479,386 | ||
| (ii) Shared power to vote or to direct the vote:
4,677,791 | ||
| (iii) Sole power to dispose or to direct the disposition of:
11,479,386 | ||
| (iv) Shared power to dispose or to direct the disposition of:
4,677,791 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
| ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
| ||
| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
| ||
| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
| ||
| Item 10. | Certifications: |
Not Applicable
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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