0001209191-23-046376.txt : 20230817
0001209191-23-046376.hdr.sgml : 20230817
20230817173010
ACCESSION NUMBER: 0001209191-23-046376
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230815
FILED AS OF DATE: 20230817
DATE AS OF CHANGE: 20230817
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: 231183090
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
X0508
4
2023-08-15
0
0001858257
AvidXchange Holdings, Inc.
AVDX
0001886695
Praeger Michael
C/O AVIDXCHANGE HOLDINGS, INC.
1210 AVIDXCHANGE LANE
CHARLOTTE
NC
28206
1
1
0
0
Chief Executive Officer
0
Common Stock
2023-08-15
4
M
0
4592
A
9952434
D
Common Stock
2023-08-15
4
M
0
17856
A
9970290
D
Common Stock
2023-08-15
4
M
0
32649
A
10002939
D
Common Stock
2023-08-15
4
S
0
2150
10.09
D
10000789
D
Common Stock
2023-08-15
4
S
0
8358
10.09
D
9992431
D
Common Stock
2023-08-15
4
S
0
15281
10.09
D
9977150
D
Common Stock
501680
I
By MP Charitable Trust
Common Stock
298556
I
By Cindy Praeger
Common Stock
660627
I
By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
Common Stock
280767
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
Restricted Stock Units
2023-08-15
4
M
0
4592
0.00
D
Common Stock
4592
9184
D
Restricted Stock Units
2023-08-15
4
M
0
17856
0.00
D
Common Stock
17856
107120
D
Restricted Stock Units
2023-08-15
4
M
0
32649
0.00
D
Common Stock
32649
326493
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 $10.03 to $10.20 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 73,452 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 285,652 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 522,388 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.
/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger
2023-08-17