0001209191-23-030412.txt : 20230517 0001209191-23-030412.hdr.sgml : 20230517 20230517192451 ACCESSION NUMBER: 0001209191-23-030412 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230515 FILED AS OF DATE: 20230517 DATE AS OF CHANGE: 20230517 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cunningham Todd Alan CENTRAL INDEX KEY: 0001886982 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40898 FILM NUMBER: 23933374 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 X0407 4 2023-05-15 0 0001858257 AvidXchange Holdings, Inc. AVDX 0001886982 Cunningham Todd Alan C/O AVIDXCHANGE HOLDINGS, INC. 1210 AVIDXCHANGE LANE CHARLOTTE NC 28206 0 1 0 0 See Remarks 0 Common Stock 2023-05-15 4 M 0 1272 A 193718 D Common Stock 2023-05-15 4 M 0 2676 A 196394 D Common Stock 2023-05-15 4 M 0 6530 A 202924 D Common Stock 2023-05-15 4 S 0 380 8.82 D 202544 D Common Stock 2023-05-15 4 S 0 798 8.82 D 201746 D Common Stock 2023-05-15 4 S 0 1946 8.82 D 199800 D Restricted Stock Units 2023-05-15 4 M 0 1272 0.00 D Common Stock 1272 3828 D Restricted Stock Units 2023-05-15 4 M 0 2676 0.00 D Common Stock 2676 18748 D Restricted Stock Units 2023-05-15 4 M 0 6530 0.00 D Common Stock 6530 71828 D Upon vesting, restricted stock units convert into common stock on a one-for-one-basis. The sales reported on this Form 4 represent shares sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction. This transaction was executed in multiple trades at prices ranging from $8.67 to $8.89. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. On October 1, 2020, the reporting person was granted 20,400 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2020. On February 19, 2021, the reporting person was granted 42,848 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2021. On March 16, 2022, the reporting person was granted 104,477 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2022. Chief People Officer, Senior Vice President /s/ Ryan Stahl, Attorney-in-Fact for Todd Cunningham 2023-05-17