0000950170-24-061954.txt : 20240517 0000950170-24-061954.hdr.sgml : 20240517 20240517174920 ACCESSION NUMBER: 0000950170-24-061954 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: Stahl Ryan CENTRAL INDEX KEY: 0001886733 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40898 FILM NUMBER: 24961651 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 0001886733 Stahl Ryan C/O AVIDXCHANGE HOLDINGS, INC. 1210 AVIDXCHANGE LANE CHARLOTTE NC 28206 false true false false See Remarks true Common Stock 2024-05-15 4 M false 2168 A 386756 D Common Stock 2024-05-15 4 M false 9794 A 396550 D Common Stock 2024-05-15 4 S false 685 11.2363 D 395865 D Common Stock 2024-05-15 4 S false 2332 11.2363 D 393533 D Common Stock 2024-05-15 4 S false 3011 11.2363 D 390522 D Common Stock 2024-05-16 4 S false 305 11.207 D 390217 D Common Stock 2024-05-16 4 S false 1037 11.207 D 389180 D Common Stock 2024-05-16 4 S false 1339 11.207 D 387841 D Common Stock 2024-05-16 4 S false 2557 11.2167 D 385284 D Restricted Stock Units 2024-05-15 4 M false 2168 0.00 D Common Stock 2168 6504 D Restricted Stock Units 2024-05-15 4 M false 9794 0.00 D Common Stock 9794 68564 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. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2023. This transaction was executed in multiple trades at prices ranging from $11.14 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 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 2024-05-17