AvidXchange Holdings Inc.

08/19/2025 | Press release | Distributed by Public on 08/19/2025 17:43

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Praeger Michael
2. Issuer Name and Ticker or Trading Symbol
AvidXchange Holdings, Inc. [AVDX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
C/O AVIDXCHANGE HOLDINGS, INC., 1210 AVIDXCHANGE LANE
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025
(Street)
CHARLOTTE, NC 28206
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/15/2025 M 32,649 A (1) 10,973,355(2) D
Common Stock 08/15/2025 F 14,268 D $9.9 10,959,087 D
Common Stock 08/15/2025 F 13,089 D $9.9 10,945,998 D
Common Stock 213,468 I By MP Charitable Trust
Common Stock 757,327(2) I By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
Common Stock 1,888,652 I By Green and Gold 2014 GRAT
Common Stock 1,328,276 I By Green and Gold 2015 GRAT
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 08/15/2025 M 32,649 (3) (3) Common Stock 32,649 $ 0 65,299 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Praeger Michael
C/O AVIDXCHANGE HOLDINGS, INC.
1210 AVIDXCHANGE LANE
CHARLOTTE, NC 28206
X Chief Executive Officer

Signatures

/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger 08/19/2025
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
(2) The Forms 4 filed on March 11, 15 and 16, 2022 inadvertently overstated Mr. Praeger's direct holdings of common stock by disclosing the open market purchases as being attributable to his direct holdings instead of his indirect holdings by Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship. Mr. Praeger's direct holdings on March 11, 15 and 16, 2022 (the dates the Forms 4 were filed) were 8,670,953 shares. Mr. Prager's indirect holdings by Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship on March 11, 15 and 16, 2022 (the dates the Forms 4 were filed) were 730,127, 744,427 and 757,327, respectively.
(3) 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.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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