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
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 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 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 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
  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 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.
  6. 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.