Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-22-030137
Date:2022-05-16
Issuer: AVIDXCHANGE HOLDINGS, INC. (AVDX)
Original Submission Date:

Reporting Person:

DREES DANIEL
C/O AVIDXCHANGE HOLDINGS, INC.
1210 AVIDXCHANGE LANE CHARLOTTE, NC 28206

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2022-05-16 M 1,784 a $0.00 116,915 direct
COMMON STOCK 2022-05-16 M 5,100 a $0.00 122,015 direct
COMMON STOCK 2022-05-16 S 869 d $0.00 121,146 direct
COMMON STOCK 2022-05-16 S 2,481 d $0.00 118,665 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2022-05-16 deemed execution date M 1,784 (d) common stock 1,784 $0.00 12,500 direct
RESTRICTED STOCK UNITS 0.0 2022-05-16 deemed execution date M 5,100 (d) common stock 5,100 $0.00 56,112 direct
Footnotes
IDfootnote
f1 upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
f2 represents the disposition of shares that were sold to pay withholding taxes upon the vesting of 1,784 restricted stock units.
f3 this transaction was executed in multiple trades at prices ranging from $6.80 to $7.01. 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.
f4 represents the disposition of shares that were sold to pay withholding taxes upon the vesting of 5,100 restricted stock units.
f5 on october 1, 2020, the reporting person was granted 28,564 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.
f6 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.

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