[4] – Ramji Asif (CIK 0001726613)
Rhea-AI Filing Summary
AvidXchange Holdings, Inc. (AVDX) filed a Form 4 reporting a merger-related cash-out. On 10/15/2025, a director reported the disposition of 61,213 shares of Common Stock pursuant to the closing of a merger in which each share was converted into the right to receive $10.00 in cash, without interest. Following the transaction, the reporting person held 0 shares.
The filing also notes that, at the effective time of the merger, each outstanding restricted stock unit that did not vest at closing was converted into a cash award equal to the number of underlying shares multiplied by $10.00, subject to the award’s terms.
Positive
- None.
Negative
- None.
Insights
Director’s shares cashed out at $10.00 due to merger.
The Form 4 documents an automatic disposition triggered by a completed merger, where each AVDX common share converted into a right to receive $10.00 in cash. The reporting person disposed of 61,213 shares and now reports 0 shares owned.
This is an administrative confirmation of closing mechanics rather than an open‑market trade. The filing also states unvested RSUs were converted into cash awards equal to the underlying share count times $10.00, consistent with the agreement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 61,213 | $0.00 | -- |
Footnotes (1)
- In connection with the terms of an Agreement and Plan of Merger, dated May 6, 2025 (as it may be amended from time to time, the "Merger Agreement"), by and among the Issuer, Arrow Borrower 2025, Inc. ("Parent"), and Arrow Merger Sub 2025, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent (the "Effective Time"). At the Effective Time, each outstanding share of Common Stock was automatically converted into the right to receive $10.00 in cash, without interest (the "Merger Consideration"). At the Effective Time, each outstanding restricted stock unit that does not vest upon the occurrence of the Effective Time was automatically substituted and immediately converted into a cash award equal to the product of (i) the aggregate number of shares of Common Stock underlying such unvested restricted stock unit immediately prior to the Effective Time multiplied by (ii) the Merger Consideration, subject to the terms and conditions of the corresponding award.
