0000950170-24-102008.txt : 20240829 0000950170-24-102008.hdr.sgml : 20240829 20240829190814 ACCESSION NUMBER: 0000950170-24-102008 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240827 FILED AS OF DATE: 20240829 DATE AS OF CHANGE: 20240829 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Praeger Michael CENTRAL INDEX KEY: 0001886695 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40898 FILM NUMBER: 241265342 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 2024-08-27 0001858257 AvidXchange Holdings, Inc. AVDX 0001886695 Praeger Michael C/O AVIDXCHANGE HOLDINGS, INC. 1210 AVIDXCHANGE LANE CHARLOTTE NC 28206 true true false false Chief Executive Officer true Common Stock 2024-08-27 4 M false 17852 A 10458362 D Common Stock 2024-08-27 4 M false 32649 A 10491011 D Common Stock 2024-08-27 4 S false 8261 7.9789 D 104482750 D Common Stock 2024-08-27 4 S false 15106 7.9789 D 10467644 D Common Stock 2024-08-27 4 S false 13858 7.9789 D 10453786 D Common Stock 2024-08-28 4 S false 36102 8.022 D 10417684 D Common Stock 297026 I By MP Charitable Trust Common Stock 503210 I By Cindy Praeger Common Stock 660627 I By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship Common Stock 1888652 I By Green and Gold 2014 GRAT Common Stock 1328276 I By Green and Gold 2015 GRAT Restricted Stock Units 2024-08-27 4 M false 17852 0.00 D Common Stock 17852 35708 D Restricted Stock Units 2024-08-27 4 M false 32649 0.00 D Common Stock 32649 195896 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 $7.90 to $8.04. 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 11, 2023. This transaction was executed in multiple trades at prices ranging from $8.00 to $8.055. 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 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 2024-08-29