0001209191-23-055857.txt : 20231117 0001209191-23-055857.hdr.sgml : 20231117 20231117175752 ACCESSION NUMBER: 0001209191-23-055857 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231115 FILED AS OF DATE: 20231117 DATE AS OF CHANGE: 20231117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Stahl Ryan CENTRAL INDEX KEY: 0001886733 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40898 FILM NUMBER: 231420245 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 2023-11-15 0 0001858257 AvidXchange Holdings, Inc. AVDX 0001886733 Stahl Ryan C/O AVIDXCHANGE HOLDINGS, INC. 1210 AVIDXCHANGE LANE CHARLOTTE NC 28206 0 1 0 0 See Remarks 0 Common Stock 2023-11-15 4 M 0 1276 A 316354 D Common Stock 2023-11-15 4 M 0 2168 A 318522 D Common Stock 2023-11-15 4 M 0 9795 A 328317 D Common Stock 2023-11-15 4 S 0 585 9.74 D 327732 D Common Stock 2023-11-15 4 S 0 993 9.74 D 326739 D Common Stock 2023-11-15 4 S 0 3123 9.74 D 323616 D Restricted Stock Units 2023-11-15 4 M 0 1276 0.00 D Common Stock 1276 1276 D Restricted Stock Units 2023-11-15 4 M 0 2168 0.00 D Common Stock 2168 10840 D Restricted Stock Units 2023-11-15 4 M 0 9795 0.00 D Common Stock 9795 88153 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 $9.65 to $9.99. 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 34,684 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 156,716 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. General Counsel and Secretary, Senior Vice President /s/ Ryan Stahl 2023-11-17