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AvidXchange Holdings, Inc. Director's Dealing 2021

Oct 13, 2021

31652_dirs_2021-10-12_d2d5b5e5-54a2-4022-8a2e-79598219f652.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: Praeger Michael (Director, See Remarks)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 7511444 Direct
Common Stock 56976 Indirect
Common Stock 1888652 Indirect
Common Stock 1328276 Indirect
Common Stock 720000 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (right to buy) $3.50 2022-03-29 Common Stock (11880) Direct
Employee Stock Option (right to buy) $3.50 2022-03-29 Common Stock (1144) Direct
Employee Stock Option (right to buy) $3.54 2023-03-05 Common Stock (27648) Direct
Employee Stock Option (right to buy) $3.54 2023-04-27 Common Stock (28744) Direct
Employee Stock Option (right to buy) $4.17 2024-03-20 Common Stock (466692) Direct
Employee Stock Option (right to buy) $4.17 2024-06-19 Common Stock (29192) Direct
Employee Stock Option (right to buy) $10.42 2030-10-01 Common Stock (192924) Direct
Employee Stock Option (right to buy) $12.11 2031-02-19 Common Stock (673076) Direct
Series A Preferred Stock $ Common Stock (453170) Direct
Series B Preferred Stock $ Common Stock (480904) Direct
Series D Preferred Stock $ Common Stock (117300) Direct
Series A Preferred Stock $ Common Stock (172739) Indirect
Series B Preferred Stock $ Common Stock (227332) Indirect
Series C Preferred Stock $ Common Stock (174256) Indirect
Series D Preferred Stock $ Common Stock (29324) Indirect
Series C Preferred Stock $ Common Stock (743848) Indirect

Footnotes

F1: Number of Shares and Exercise Price give effect to the 4-for-1 forward stock split that was effected on September 30, 2021.

F2: The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 5, 2018.

F3: The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was April 27, 2018.

F4: The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 20, 2019.

F5: The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was June 19, 2019.

F6: The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2020.

F7: The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2021.

F8: The Series A Preferred Stock is convertible into common stock and has no expiration date.

F9: The Series B Preferred Stock is convertible into common stock and has no expiration date.

F10: The Series D Preferred Stock is convertible into common stock and has no expiration date.

F11: The Series C Preferred Stock is convertible into common stock and has no expiration date.

F12: The Series D Preferred Stock is convertible into common stock and has no expiration date.