Morris John C. 4
4 · AvidXchange Holdings, Inc. · Filed Oct 19, 2021
Insider Transaction Report
Form 4
Morris John C.
Director
Transactions
- Exercise/Conversion
Warrant (right to buy)
2021-10-15−352,024→ 0 total(indirect: By Partnership)Exercise: $2.04From: 2015-12-11Exp: 2025-12-11→ Common Stock (352,024 underlying) - Conversion
Common Stock
2021-10-15+668,096→ 991,394 total(indirect: By Partnership) - Tax Payment
Common Stock
2021-10-15$25.00/sh−28,726$718,150→ 323,298 total(indirect: By Partnership) - Exercise/Conversion
Common Stock
2021-10-15$2.04/sh+352,024$718,129→ 352,024 total(indirect: By Partnership) - Conversion
Series E Preferred Stock
2021-10-15−167,024→ 0 total(indirect: By Partnership)→ Common Stock (668,096 underlying)
Footnotes (3)
- [F1]In connection with the issuer's initial public offering of common stock, these warrants were automatically converted into shares of the issuer's common stock on a net exercise basis.
- [F2]In connection with the issuer's initial public offering of common stock, all shares of Series E Preferred Stock were automatically converted into shares of the issuer's common stock on a 4-for-1 basis. The preferred stock was perpetual and therefore had no expiration date.
- [F3]The number of underlying shares of common stock and the exercise price reflect the 4-for-1 forward stock split which was effected on September 30, 2021.