Avidxchange Holdings, Inc. SEC Filings

AvidXchange Holdings, Inc. reported that its stockholders held a special meeting to consider proposals under an Agreement and Plan of Merger dated May 6, 2025.

Under the Merger Agreement, Arrow Merger Sub 2025, Inc. will merge with and into AvidXchange, leaving the company as a wholly owned subsidiary of Arrow Borrower 2025, Inc., an affiliate of TPG Global, LLC. The filing also states that Corpay, Inc. will be a direct or indirect investor in Parent. The document describes corporate steps to effect the transaction but does not disclose consideration, closing conditions, or timing beyond the agreement date.

Ryan Stahl, General Counsel and Secretary and Senior Vice President of AvidXchange Holdings, Inc. (AVDX), exercised employee stock options to acquire 18,640 shares of AVDX common stock on 09/09/2025 at an exercise price of $3.79 per share. After the exercise, Mr. Stahl beneficially owned 684,981 shares. The underlying option grant was issued on 03/20/2019, vested 25% on the first anniversary and monthly thereafter over 36 months, and the reported options expire on 03/20/2029.

AvidXchange Holdings insider activity: Joel Wilhite, identified as Chief Financial Officer and Senior Vice President, reported transactions dated 08/15/2025 involving restricted stock unit vesting and open-market sales. 16,324 restricted stock units vested and were reported as acquired, converting one-for-one into common shares. The filing also records three sales on the same date totaling 21,151 shares at a price of $9.90 per share. After these transactions the reporting person beneficially owned 804,014 shares.

Ryan Stahl, General Counsel and Secretary of AvidXchange Holdings, Inc. (AVDX) reported restricted stock unit (RSU) vesting and subsequent disposals on 08/15/2025. A total of 9,795 RSUs vested and converted one-for-one into common stock. Following vesting, the report shows three separate sale transactions that disposed of 3,502, 4,165 and 3,013 shares at $9.90 per share, leaving the reporting person with 666,341 shares beneficially owned after the transactions. The filing reflects routine compensation vesting and partial sales of vested shares rather than a new grant or a change in executive role.

Michael Praeger, Chief Executive Officer and Director of AvidXchange Holdings, Inc. (AVDX), reported multiple transactions dated 08/15/2025. A grant of 32,649 restricted stock units vested and converted one-for-one into common stock, recorded as an acquisition. On the same date the reporting form discloses two open-market dispositions of 14,268 and 13,089 shares at $9.90 per share. Following these transactions the filing shows Mr. Praeger’s direct common stock position reported at 10,945,998 shares and various indirect holdings through trusts and joint tenancy totaling substantial additional shares (for example, 757,327 indirect by Michael Praeger and Cindy Praeger).

The filing corrects prior 2022 Forms 4 that overstated direct holdings and explains the RSU grant schedule from March 16, 2022, originally for 522,388 RSUs with quarterly vesting after the first anniversary. The Form 4 was signed on 08/19/2025 by an attorney-in-fact.

Michael Praeger, CEO and director of AvidXchange Holdings, sold shares of the company's common stock in a series of sell-to-cover transactions to satisfy tax withholding on vested restricted stock units. The reported sales on 08/27/2024 totaled 37,649 shares (8,355 + 14,016 + 15,278), executed in multiple trades at prices ranging from $7.90 to $8.04, with a weighted average sale price of $7.9789. Following those transactions, the filing shows beneficial ownership figures of 10,482,656, 10,468,640 and 10,453,362 shares after each reported sale. The Form 4/A amends an earlier filing to correct overstated numbers and reduces the reporting person's aggregate beneficial ownership by 424 shares from the prior report.

AvidXchange Holdings insider filing (Form 4) shows Angelic Gibson, listed as Chief Information Officer and Senior Vice President, reported transactions dated 08/15/2025. 10,883 restricted stock units vested and converted into common stock on a one-for-one basis. On the same date Gibson disposed of 4,756 shares, 4,462 shares, and 5,899 shares at a reported price of $9.90 per share. The filing lists beneficial ownership counts after each transaction sequence: 731,153, 726,397, 721,935, and 716,036 shares respectively. The RSU grant disclosed was originally 174,129 units awarded on March 16, 2022, with a standard vesting schedule. The form is signed by an attorney-in-fact on 08/19/2025.

Insider transactions by AvidXchange director and president Daniel Drees are reported on Form 4 showing equity movements tied to the vesting of restricted stock units and subsequent open-market dispositions. The filing shows 16,324 restricted stock units vested and converted into common stock, increasing his direct holdings by that amount to 1,183,510 shares. The report also records three separate dispositions executed at $9.90 per share totaling 23,704 shares, reducing his direct holdings sequentially to 1,159,806 shares. The filing explains the vested RSUs were part of a 261,194-RSU grant with time-based quarterly vesting beginning from a February 2022 commencement date. The form is filed individually and executed under power of attorney.

AvidXchange Holdings insider Todd Alan Cunningham reported option exercises, RSU vesting and subsequent stock sales. On 03/27/2025 Cunningham exercised employee stock options to acquire 47,664 shares at an exercise price of $0.97 per share. Those options were originally exercisable through 04/23/2025 and underlying shares were recorded as common stock.

On 08/15/2025, 6,530 restricted stock units vested and converted to common stock and the filing shows sales on that date disposing of 1,875, 2,215 and 2,439 shares at $9.90 per share. The filing lists beneficial ownership following these transactions at 491,075 shares.