0000899243-21-040672.txt : 20211019
0000899243-21-040672.hdr.sgml : 20211019
20211019210347
ACCESSION NUMBER: 0000899243-21-040672
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211015
FILED AS OF DATE: 20211019
DATE AS OF CHANGE: 20211019
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Praeger Michael
CENTRAL INDEX KEY: 0001886695
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40898
FILM NUMBER: 211332520
MAIL ADDRESS:
STREET 1: 1210 AVIDXCHANGE LANE
CITY: CHARLOTTE
STATE: NC
ZIP: 28206
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AvidXchange Holdings, Inc.
CENTRAL INDEX KEY: 0001858257
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1210 AVIDXCHANGE LANE
CITY: CHARLOTTE
STATE: NC
ZIP: 28206
BUSINESS PHONE: 8005609305
MAIL ADDRESS:
STREET 1: 1210 AVIDXCHANGE LANE
CITY: CHARLOTTE
STATE: NC
ZIP: 28206
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-10-15
0
0001858257
AvidXchange Holdings, Inc.
AVDX
0001886695
Praeger Michael
C/O AVIDXCHANGE HOLDINGS, INC.
1210 AVIDXCHANGE LANE
CHARLOTTE
NC
28206
1
1
0
0
See Remarks
Common Stock
2021-10-15
4
C
0
1051373
A
8562817
D
Common Stock
2021-10-15
4
C
0
603651
A
660627
I
By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
Common Stock
2021-10-15
4
C
0
743848
A
743848
I
By MP 2021 GRAT
Common Stock
1888652
I
By Green and Gold 2014 GRAT
Common Stock
1328276
I
By Green and Gold 2015 GRAT
Common Stock
720000
I
By MP Charitable Trust
Restricted Stock Units
2021-10-15
4
A
0
73452
0.00
A
Common Stock
73452
73452
D
Restricted Stock Units
2021-10-15
4
A
0
285652
0.00
A
Common Stock
285652
285652
D
Restricted Stock Units
2021-10-15
4
A
0
40
0.00
A
Common Stock
40
40
D
Series A Preferred Stock
2021-10-15
4
C
0
67409
0.00
D
Common Stock
453169
0
D
Series B Preferred Stock
2021-10-15
4
C
0
120226
0.00
D
Common Stock
480904
0
D
Series D Preferred Stock
2021-10-15
4
C
0
29325
0.00
D
Common Stock
117300
0
D
Series A Preferred Stock
2021-10-15
4
C
0
25695
0.00
D
Common Stock
172739
0
I
By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
Series B Preferred Stock
2021-10-15
4
C
0
56833
0.00
D
Common Stock
227332
0
I
By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
Series C Preferred Stock
2021-10-15
4
C
0
43564
0.00
D
Common Stock
174256
0
I
By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
Series D Preferred Stock
2021-10-15
4
C
0
7331
0.00
D
Common Stock
29324
0
I
By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
Series C Preferred Stock
2021-10-15
4
C
0
185962
0.00
D
Common Stock
743848
0
I
By MP 2021 GRAT
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.
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.
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.
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.
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.
The restricted stock units will vest on November 15, 2022.
The preferred stock was perpetual and therefore had no expiration date.
President and Chief Executive Officer
/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger
2021-10-19