AvidXchange Holdings, Inc. — Director's Dealing 2021

Oct 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AvidXchange Holdings, Inc. (AVDX)
CIK: 0001858257
Period of Report: 2021-10-15

Reporting Person: MORRIS NIGEL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-15	Common Stock	M	352024	$2.04	Acquired	352024	Indirect
2021-10-15	Common Stock	F	28726	$25.00	Disposed	323298	Indirect
2021-10-15	Common Stock	C	890792	—	Acquired	1214090	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-15	Warrant (right to buy)	$2.04	M	352024	Disposed	2025-12-11	Common Stock (352024)	Indirect
2021-10-15	Series E Preferred Stock	$	C	222698	Disposed		Common Stock (890792)	Indirect

Footnotes

F1: In connection with the issuer's initial public offering of common stock, these warrants were automatically converted into shares of the issuer's common stock on a net exercise basis.

F2: In connection with the issuer's initial public offering of common stock, all shares of Series E Preferred Stock were automatically converted into shares of the issuer's common stock on a 4-for-1 basis. The preferred stock was perpetual and therefore had no expiration date.

F3: The number of underlying shares of common stock and the exercise price reflect the 4-for-1 forward stock split which was effected on September 30, 2021.