0000950170-24-061945.txt : 20240517 0000950170-24-061945.hdr.sgml : 20240517 20240517174627 ACCESSION NUMBER: 0000950170-24-061945 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240515 FILED AS OF DATE: 20240517 DATE AS OF CHANGE: 20240517 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Drees Daniel CENTRAL INDEX KEY: 0001886969 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40898 FILM NUMBER: 24961622 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] ORGANIZATION NAME: 06 Technology 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 ownership.xml 4 X0508 4 2024-05-15 0001858257 AvidXchange Holdings, Inc. AVDX 0001886969 Drees Daniel C/O AVIDXCHANGE HOLDINGS, INC. 1210 AVIDXCHANGE LANE CHARLOTTE NC 28206 false true false false President false Common Stock 2024-05-15 4 M false 5100 A 755844 D Common Stock 2024-05-15 4 M false 16324 A 772168 D Common Stock 2024-05-15 4 S false 1678 11.2363 D 770490 D Common Stock 2024-05-15 4 S false 5368 11.2363 D 765122 D Common Stock 2024-05-15 4 S false 6716 11.2363 D 758406 D Common Stock 2024-05-16 4 S false 746 11.207 D 757660 D Common Stock 2024-05-16 4 S false 2387 11.207 D 755273 D Common Stock 2024-05-16 4 S false 2985 11.207 D 752288 D Restricted Stock Units 2024-05-15 4 M false 5100 0.00 D Common Stock 5100 15304 D Restricted Stock Units 2024-05-15 4 M false 16324 0.00 D Common Stock 16324 114273 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 $11.16 to $11.38. 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. This transaction was executed in multiple trades at prices ranging from $11.12 to $11.27. 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 February 19, 2021, the reporting person was granted 81,612 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 261,194 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 Daniel Drees 2024-05-17