4//SEC Filing
Cunningham Todd Alan 4
Accession 0000950170-25-074691
CIK 0001858257other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 6:56 PM ET
Size
12.0 KB
Accession
0000950170-25-074691
Insider Transaction Report
Form 4
Cunningham Todd Alan
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2025-05-15+6,530→ 512,859 total - Sale
Common Stock
2025-05-15$9.74/sh−1,971$19,190→ 510,888 total - Sale
Common Stock
2025-05-15$9.74/sh−2,328$22,666→ 508,560 total - Sale
Common Stock
2025-05-15$9.74/sh−2,565$24,974→ 505,995 total - Exercise/Conversion
Restricted Stock Units
2025-05-15−6,530→ 19,590 total→ Common Stock (6,530 underlying)
Footnotes (4)
- [F1]Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
- [F2]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.
- [F3]This transaction was executed in multiple trades at prices ranging from $9.73 to $9.745. 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]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.
Documents
Issuer
AvidXchange Holdings, Inc.
CIK 0001858257
Entity typeother
Related Parties
1- filerCIK 0001886982
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 6:56 PM ET
- Size
- 12.0 KB