0001209191-23-046375.txt : 20230817
0001209191-23-046375.hdr.sgml : 20230817
20230817173008
ACCESSION NUMBER: 0001209191-23-046375
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230815
FILED AS OF DATE: 20230817
DATE AS OF CHANGE: 20230817
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cunningham Todd Alan
CENTRAL INDEX KEY: 0001886982
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40898
FILM NUMBER: 231183089
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
2023-08-15
0
0001858257
AvidXchange Holdings, Inc.
AVDX
0001886982
Cunningham Todd Alan
C/O AVIDXCHANGE HOLDINGS, INC.
1210 AVIDXCHANGE LANE
CHARLOTTE
NC
28206
0
1
0
0
See Remarks
0
Common Stock
2023-08-15
4
M
0
1276
A
201076
D
Common Stock
2023-08-15
4
M
0
2680
A
203756
D
Common Stock
2023-08-15
4
M
0
6529
A
210285
D
Common Stock
2023-08-15
4
S
0
396
10.09
D
209889
D
Common Stock
2023-08-15
4
S
0
830
10.09
D
209059
D
Common Stock
2023-08-15
4
S
0
2020
10.09
D
207039
D
Restricted Stock Units
2023-08-15
4
M
0
1276
0.00
D
Common Stock
1276
2552
D
Restricted Stock Units
2023-08-15
4
M
0
2680
0.00
D
Common Stock
2680
16068
D
Restricted Stock Units
2023-08-15
4
M
0
6529
0.00
D
Common Stock
6529
65299
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 $10.03 to $10.20. 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 42,848 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 104,477 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.
Chief People Officer, Senior Vice President
/s/ Ryan Stahl, Attorney-in-Fact for Todd Cunningham
2023-08-17