Filing Details

Accession Number:
0000950170-24-061945
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-05-17 17:46:27
Reporting Period:
2024-05-15
Accepted Time:
2024-05-17 17:46:27
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 No 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 2024-05-15 5,100 $0.00 755,844 No 4 M Direct
Common Stock Acquisiton 2024-05-15 16,324 $0.00 772,168 No 4 M Direct
Common Stock Disposition 2024-05-15 1,678 $11.24 770,490 No 4 S Direct
Common Stock Disposition 2024-05-15 5,368 $11.24 765,122 No 4 S Direct
Common Stock Disposition 2024-05-15 6,716 $11.24 758,406 No 4 S Direct
Common Stock Disposition 2024-05-16 746 $11.21 757,660 No 4 S Direct
Common Stock Disposition 2024-05-16 2,387 $11.21 755,273 No 4 S Direct
Common Stock Disposition 2024-05-16 2,985 $11.21 752,288 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2024-05-15 5,100 $0.00 5,100 $0.00
Common Stock Restricted Stock Units Disposition 2024-05-15 16,324 $0.00 16,324 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
15,304 No 4 M Direct
114,273 No 4 M Direct
Footnotes
  1. Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.