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: Praeger Michael (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-15	Common Stock	C	1051373	—	Acquired	8562817	Direct
2021-10-15	Common Stock	C	603651	—	Acquired	660627	Indirect
2021-10-15	Common Stock	C	743848	—	Acquired	743848	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-15	Restricted Stock Units	$	A	73452	Acquired		Common Stock (73452)	Direct
2021-10-15	Restricted Stock Units	$	A	285652	Acquired		Common Stock (285652)	Direct
2021-10-15	Restricted Stock Units	$	A	40	Acquired		Common Stock (40)	Direct
2021-10-15	Series A Preferred Stock	$	C	67409	Disposed		Common Stock (453169)	Direct
2021-10-15	Series B Preferred Stock	$	C	120226	Disposed		Common Stock (480904)	Direct
2021-10-15	Series D Preferred Stock	$	C	29325	Disposed		Common Stock (117300)	Direct
2021-10-15	Series A Preferred Stock	$	C	25695	Disposed		Common Stock (172739)	Indirect
2021-10-15	Series B Preferred Stock	$	C	56833	Disposed		Common Stock (227332)	Indirect
2021-10-15	Series C Preferred Stock	$	C	43564	Disposed		Common Stock (174256)	Indirect
2021-10-15	Series D Preferred Stock	$	C	7331	Disposed		Common Stock (29324)	Indirect
2021-10-15	Series C Preferred Stock	$	C	185962	Disposed		Common Stock (743848)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1888652	Indirect
Common Stock	1328276	Indirect
Common Stock	720000	Indirect

Footnotes

F1: In connection with the issuer's initial public offering of common stock, all shares of Series A Preferred Stock were automatically converted into shares of the issuer's common stock on a 6.7227-for-1 basis.

F2: In connection with the issuer's initial public offering of common stock, all shares of Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock were automatically converted into shares of the issuer's common stock on a 4-for-1 basis.

F3: Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. For grants made prior to September 30, 2021, the number of shares gives effect to the 4-for-1 stock split that was effected on September 30, 2021.

F4: The restricted stock units vest 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2020. Vested shares will be delivered to the reporting person on or after the six month anniversary of the initial public offering or, if earlier, on the subsequent March 15.

F5: The restricted stock units vest 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2021. Vested shares will be delivered to the reporting person on or after the six month anniversary of the initial public offering or, if earlier, on the subsequent March 15.

F6: The restricted stock units will vest on November 15, 2022.

F7: The preferred stock was perpetual and therefore had no expiration date.