0000899243-21-039996.txt : 20211012 0000899243-21-039996.hdr.sgml : 20211012 20211012214156 ACCESSION NUMBER: 0000899243-21-039996 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211012 FILED AS OF DATE: 20211012 DATE AS OF CHANGE: 20211012 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Wilhite Joel CENTRAL INDEX KEY: 0001887238 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40898 FILM NUMBER: 211319978 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 3 1 doc3.xml FORM 3 SUBMISSION X0206 3 2021-10-12 0 0001858257 AvidXchange Holdings, Inc. AVDX 0001887238 Wilhite Joel C/O AVIDXCHANGE HOLDINGS, INC. 1210 AVIDXCHANGE LANE CHARLOTTE NC 28206 0 1 0 0 See Remarks Employee Stock Option (right to buy) 3.18 2019-12-29 2027-03-29 Common Stock 78536 D Employee Stock Option (right to buy) 3.18 2020-03-29 2027-03-29 Common Stock 107948 D Employee Stock Option (right to buy) 3.22 2028-03-05 Common Stock 92524 D Employee Stock Option (right to buy) 3.79 2029-03-20 Common Stock 38600 D Employee Stock Option (right to buy) 10.42 2030-10-01 Common Stock 107180 D Employee Stock Option (right to buy) 12.11 2031-02-19 Common Stock 288460 D Number of Shares and Exercise Price give effect to the 4-for-1 forward stock split that was effected on September 30, 2021. The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 5, 2018. The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 20, 2019. The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2020. The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2021. Chief Financial Officer, Senior Vice President Exhibit List Exhibit 24- Power of Attorney /s/ Ryan Stahl, Attorney-in-Fact for Joel Wilhite 2021-10-12 EX-24 2 attachment1.htm EX-24 DOCUMENT
                           LIMITED POWER OF ATTORNEY

        Know all by these present, that the undersigned hereby constitutes and
appoints each of Michael Praeger and Ryan Stahl (each, an "Attorney-in-fact") of
AvidXchange Holdings, Inc. (the "Company"), or any of them acting singly and
with full power of substitution, as the undersigned's true and lawful
attorney-in-fact to:

        1.    submit to the U.S. Securities and Exchange Commission (the "SEC")
a Form ID Application Acknowledgement on the Electronic Data Gathering,
Analysis, and Retrieval system ("EDGAR") of the SEC, including any amendments
thereto, and any other documents necessary or appropriate to obtain EDGAR codes
and passwords enabling the undersigned to make electronic filings with the SEC
of reports required by Sections 13(d), 13(g) or Section 16(a) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or any other rule or
regulation of the SEC;

        2.    prepare, submit, execute for, and on behalf of the undersigned, in
the undersigned's capacity as an officer, director and/or holder of 10% or more
of a registered class of securities, as applicable, of the Company (a) Schedules
13D and 13G (and any amendments thereto) in accordance with Sections 13(d) and
13(g) of the Exchange Act and the rules promulgated thereunder, (b) Forms 3, 4,
and 5 (and any amendments thereto) in accordance with Section 16(a) of the
Exchange Act and the rules promulgated thereunder, and (c) any other forms or
reports the undersigned may be required to file in connection with the
undersigned's ownership, acquisition, or disposition of securities of the
Company;

        3.    do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete and execute any such
Schedule 13D, Schedule 13G, Form 3, 4, or 5, or other form or report (or any
amendment thereto), and timely file such schedule, form or report with the SEC
and any stock exchange or similar authority;

        4.    seek or obtain, as the undersigned's representative and on the
undersigned's behalf, information on transactions in the Company's securities
from any broker or financial institution, and the undersigned hereby authorizes
any such person to release any such information to each of the Attorneys-in-fact
and approves and ratifies any such release of information; and

        5.    take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such Attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such Attorney-in-fact on behalf of the
undersigned pursuant to this Limited Power of Attorney shall be in such form and
shall contain such terms and conditions as such Attorney-in-fact may approve in
such Attorney-in-fact's discretion.

        The undersigned hereby grants to each Attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as such undersigned might
or could do if personally present, with full power of substitution or
revocation, hereby ratifying and confirming all that such Attorney-in-fact, or
such Attorney-in-fact's substitute or substitutes, shall lawfully do or cause to
be done by virtue of this Power of Attorney and the rights and powers herein
granted.  The undersigned acknowledges that each Attorney-in-fact, in serving in
such capacities at the request of the undersigned, is not assuming any of the
undersigned's responsibilities to comply with Section 13 and Section 16 of the
Exchange Act.

        This Power of Attorney, with respect to each of the Attorneys-in-fact,
shall remain in full force and effect until the earlier of (a) the date that the
undersigned is no longer required to file Schedules 13D and 13G and Forms 3, 4,
and 5 with respect to the undersigned's beneficial ownership and transactions in
securities issued by the Company, (b) with respect to the Attorney-in-fact, this
Power of Attorney is revoked by the undersigned in a signed writing delivered to
such Attorney-in-fact, or (c) the time at which such attorney-in-fact is no
longer employed by the Company or any of its subsidiaries.

                              [Signature follows]


        IN WITNESS WHEREOF, the undersigned has executed this Limited Power of
Attorney as of this 12th day of October, 2021.

                                       Signed and acknowledged:


                                       By: /s/ Joel Wilhite
                                           -------------------------------------

                                       Name:    Joel Wilhite
                                              ----------------------------------

                                       Title:   Chief Financial Officer & Senior
                                                Vice President
                                              ----------------------------------