AvidXchange Holdings, Inc. — Director's Dealing 2021

Oct 13, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AvidXchange Holdings, Inc. (AVDX)
CIK: 0001858257
Period of Report: 2021-10-12

Reporting Person: BAIN CAPITAL VENTURE INVESTORS, LLC (10% Owner)
Reporting Person: BAIN CAPITAL VENTURE COINVESTMENT FUND, L.P. (10% Owner)
Reporting Person: Bain Capital Venture Coinvestment Partners, L.P. (10% Owner)
Reporting Person: BAIN CAPITAL VENTURE FUND 2014, L.P. (10% Owner)
Reporting Person: Bain Capital Venture Partners 2014, L.P. (10% Owner)
Reporting Person: BCV AX Investors, L.P. (10% Owner)
Reporting Person: BCIP Venture Associates (10% Owner)
Reporting Person: BCIP VENTURE ASSOCIATES-B (10% Owner)
Reporting Person: Salem Enrique T (10% Owner)
Reporting Person: Agarwal Ajay (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series E Preferred Stock	$		Common Stock (23383240)		Indirect

Footnotes

F1: Each share of Series E Preferred Stock is convertible into four shares of Common Stock at the holder's election and will automatically convert immediately prior to the closing of the Issuer's initial public offering. These shares have no expiration date.

F2: Bain Capital Venture Investors, LLC ("BCVI") is the general partner of Bain Capital Venture Partners 2014, L.P. ("BCV Partners 2014"), which is the general partner of Bain Capital Venture Fund 2014, L.P. ("BCV Fund 2014"). As a result, BCV Partners 2014 may be deemed to share voting and dispositive power with respect to the securities held by BCV Fund 2014. BCV Partners 2014 disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein. BCV Fund 2014 holds 1,807,597 shares of Series E Preferred Stock.

F3: BCVI is the general partner of Bain Capital Venture Coinvestment Partners, L.P. ("BCV Coinvest Partners"), which is the general partner of Bain Capital Venture Coinvestment Fund, L.P. ("BCV Coinvest Fund"). As a result, BCV Coinvest Partners may be deemed to share voting and dispositive power with respect to the securities held by BCV Coinvest Fund. BCV Coinvest Partners disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein. BCV Coinvest Fund holds 2,437,790 shares of Series E Preferred Stock.

F4: BCV AX Investors, L.P. ("BCV AX"), whose general partner is BCVI, holds 1,113,487 shares of Series E Preferred Stock.

F5: BCIP Venture Associates ("BCIP Venture"), whose managing partner is Boylston Coinvestors, LLC ("Boylston"), holds 460,899 shares of Series E Preferred Stock.

F6: BCIP Venture Associates-B ("BCIP Venture-B" and, together with BCV Fund 2014, BCV Coinvest Fund, BCV AX and BCIP Venture, the "Bain Capital Venture Entities"), whose managing partner is Boylston, holds 26,037 shares of Series E Preferred Stock.

F7: The governance, investment strategy and decision-making process with respect to the investments held by the Bain Capital Venture Entities is directed by the Executive Committee of BCVI, which consists of Enrique Salem and Ajay Agarwal. As a result, BCVI and Messrs. Salem and Agarwal may be deemed to share voting and dispositive power with respect to the securities held by the Bain Capital Venture Entities. BCVI and Messrs. Salem and Agarwal disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.