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