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