STOCK TITAN

[8-K] AvidXchange Holdings, Inc. Reports Material Event

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Magnite, Inc. (MGNI) filed a Form 144 indicating a planned sale of 9,289 common shares worth approximately $204,358 at prevailing market prices. The shares were originally acquired on 02/15/2024 as restricted stock directly from the issuer and will be executed through Morgan Stanley Smith Barney LLC on or about 06/30/2025. Total shares outstanding are reported at 141,110,559, so the proposed sale represents less than 0.01 % of the float.

The filing lists David Buonasera as the selling shareholder, who has already disposed of 12,395 shares over the past three months for gross proceeds of $194,776.59. While the dollar amounts are modest relative to Magnite’s market capitalization, consecutive insider sales can raise sentiment concerns for some investors. The form contains no operational or financial performance data and makes no assertions about Magnite’s fundamentals; it solely discloses the insider’s intent to sell under Rule 144.

Magnite, Inc. (MGNI) ha depositato un Modulo 144 che indica la vendita pianificata di 9.289 azioni ordinarie per un valore approssimativo di 204.358 $ ai prezzi di mercato vigenti. Le azioni sono state originariamente acquisite il 15/02/2024 come azioni vincolate direttamente dall'emittente e la vendita sarà eseguita tramite Morgan Stanley Smith Barney LLC intorno al 30/06/2025. Le azioni totali in circolazione sono riportate a 141.110.559, quindi la vendita proposta rappresenta meno dello 0,01% del flottante.

Il deposito elenca come azionista venditore David Buonasera, che ha già ceduto 12.395 azioni negli ultimi tre mesi per un ricavo lordo di 194.776,59 $. Sebbene gli importi in dollari siano modesti rispetto alla capitalizzazione di mercato di Magnite, vendite consecutive da parte di insider possono suscitare preoccupazioni tra alcuni investitori. Il modulo non contiene dati operativi o finanziari né affermazioni sui fondamentali di Magnite; si limita a comunicare l'intenzione dell'insider di vendere secondo la Regola 144.

Magnite, Inc. (MGNI) presentó un Formulario 144 que indica una venta planificada de 9,289 acciones comunes por un valor aproximado de $204,358 a los precios de mercado vigentes. Las acciones fueron adquiridas originalmente el 15/02/2024 como acciones restringidas directamente del emisor y la venta se ejecutará a través de Morgan Stanley Smith Barney LLC alrededor del 30/06/2025. El total de acciones en circulación se reporta en 141,110,559, por lo que la venta propuesta representa menos del 0,01 % del flotante.

El formulario lista a David Buonasera como el accionista vendedor, quien ya ha vendido 12,395 acciones en los últimos tres meses por ingresos brutos de $194,776.59. Aunque las cantidades en dólares son modestas en relación con la capitalización de mercado de Magnite, ventas consecutivas por parte de insiders pueden generar preocupaciones en algunos inversores. El formulario no contiene datos operativos ni financieros ni hace afirmaciones sobre los fundamentos de Magnite; únicamente revela la intención del insider de vender bajo la Regla 144.

Magnite, Inc. (MGNI)는 9,289주의 보통주를 약 $204,358 상당의 현재 시장 가격으로 매도할 계획임을 나타내는 Form 144를 제출했습니다. 해당 주식은 2024년 2월 15일에 발행사로부터 직접 제한 주식으로 취득되었으며, Morgan Stanley Smith Barney LLC를 통해 2025년 6월 30일경 매각이 실행될 예정입니다. 총 발행 주식 수는 141,110,559주로 보고되어 있으며, 제안된 매도는 유통 주식 수의 0.01% 미만에 해당합니다.

신고서에는 매도 주주로 David Buonasera가 명시되어 있으며, 그는 지난 3개월 동안 이미 12,395주를 매각하여 총 $194,776.59의 수익을 올렸습니다. 금액은 Magnite의 시가총액에 비해 적지만, 연속적인 내부자 매도는 일부 투자자들에게 우려를 불러일으킬 수 있습니다. 이 서식에는 운영 또는 재무 성과 데이터가 포함되어 있지 않으며, Magnite의 기본 사항에 대한 주장을 하지 않고, 단지 내부자의 Rule 144에 따른 매도 의도만을 공개합니다.

Magnite, Inc. (MGNI) a déposé un formulaire 144 indiquant une vente prévue de 9 289 actions ordinaires d'une valeur d'environ 204 358 $ aux prix du marché en vigueur. Les actions ont été initialement acquises le 15/02/2024 en tant qu'actions restreintes directement auprès de l'émetteur et la vente sera réalisée par l'intermédiaire de Morgan Stanley Smith Barney LLC aux alentours du 30/06/2025. Le nombre total d'actions en circulation est rapporté à 141 110 559, de sorte que la vente proposée représente moins de 0,01 % du flottant.

Le dépôt mentionne David Buonasera comme actionnaire vendeur, qui a déjà cédé 12 395 actions au cours des trois derniers mois pour un produit brut de 194 776,59 $. Bien que les montants en dollars soient modestes par rapport à la capitalisation boursière de Magnite, des ventes consécutives d'initiés peuvent susciter des inquiétudes chez certains investisseurs. Le formulaire ne contient aucune donnée opérationnelle ou financière et ne fait aucune déclaration sur les fondamentaux de Magnite ; il se limite à divulguer l'intention de l'initié de vendre conformément à la règle 144.

Magnite, Inc. (MGNI) hat ein Formular 144 eingereicht, das einen geplanten Verkauf von 9.289 Stammaktien im Wert von etwa 204.358 $ zu den aktuellen Marktpreisen anzeigt. Die Aktien wurden ursprünglich am 15.02.2024 als Restricted Stock direkt vom Emittenten erworben und sollen über Morgan Stanley Smith Barney LLC etwa am 30.06.2025 verkauft werden. Die Gesamtzahl der ausstehenden Aktien wird mit 141.110.559 angegeben, sodass der geplante Verkauf weniger als 0,01 % des Streubesitzes ausmacht.

Im Formular wird David Buonasera als verkaufender Aktionär genannt, der in den letzten drei Monaten bereits 12.395 Aktien veräußert hat und dabei Bruttoerlöse von 194.776,59 $ erzielte. Obwohl die Beträge im Vergleich zur Marktkapitalisierung von Magnite gering sind, können aufeinanderfolgende Insider-Verkäufe bei einigen Investoren Besorgnis hervorrufen. Das Formular enthält keine operativen oder finanziellen Leistungsdaten und trifft keine Aussagen zu den Fundamentaldaten von Magnite; es offenbart lediglich die Verkaufsabsicht des Insiders gemäß Regel 144.

Positive
  • None.
Negative
  • Insider continues to sell shares, potentially signaling reduced personal confidence although amounts are immaterial.

Insights

TL;DR: Small, routine Rule 144 sale; sentiment slightly negative but immaterial financially.

The transaction involves 9,289 shares, following two earlier sales in May totaling 12,395 shares. Cumulatively, the insider will have sold about 21,684 shares—still an insignificant fraction of Magnite’s ~141 million shares outstanding. Because no additional context (e.g., option expirations, tax obligations) is provided, investors may view the pattern as mild bearish sentiment from the insider. However, the dollar value is too small to affect liquidity or ownership structure. I classify the filing as not impactful for valuation, but worth noting in governance tracking.

Magnite, Inc. (MGNI) ha depositato un Modulo 144 che indica la vendita pianificata di 9.289 azioni ordinarie per un valore approssimativo di 204.358 $ ai prezzi di mercato vigenti. Le azioni sono state originariamente acquisite il 15/02/2024 come azioni vincolate direttamente dall'emittente e la vendita sarà eseguita tramite Morgan Stanley Smith Barney LLC intorno al 30/06/2025. Le azioni totali in circolazione sono riportate a 141.110.559, quindi la vendita proposta rappresenta meno dello 0,01% del flottante.

Il deposito elenca come azionista venditore David Buonasera, che ha già ceduto 12.395 azioni negli ultimi tre mesi per un ricavo lordo di 194.776,59 $. Sebbene gli importi in dollari siano modesti rispetto alla capitalizzazione di mercato di Magnite, vendite consecutive da parte di insider possono suscitare preoccupazioni tra alcuni investitori. Il modulo non contiene dati operativi o finanziari né affermazioni sui fondamentali di Magnite; si limita a comunicare l'intenzione dell'insider di vendere secondo la Regola 144.

Magnite, Inc. (MGNI) presentó un Formulario 144 que indica una venta planificada de 9,289 acciones comunes por un valor aproximado de $204,358 a los precios de mercado vigentes. Las acciones fueron adquiridas originalmente el 15/02/2024 como acciones restringidas directamente del emisor y la venta se ejecutará a través de Morgan Stanley Smith Barney LLC alrededor del 30/06/2025. El total de acciones en circulación se reporta en 141,110,559, por lo que la venta propuesta representa menos del 0,01 % del flotante.

El formulario lista a David Buonasera como el accionista vendedor, quien ya ha vendido 12,395 acciones en los últimos tres meses por ingresos brutos de $194,776.59. Aunque las cantidades en dólares son modestas en relación con la capitalización de mercado de Magnite, ventas consecutivas por parte de insiders pueden generar preocupaciones en algunos inversores. El formulario no contiene datos operativos ni financieros ni hace afirmaciones sobre los fundamentos de Magnite; únicamente revela la intención del insider de vender bajo la Regla 144.

Magnite, Inc. (MGNI)는 9,289주의 보통주를 약 $204,358 상당의 현재 시장 가격으로 매도할 계획임을 나타내는 Form 144를 제출했습니다. 해당 주식은 2024년 2월 15일에 발행사로부터 직접 제한 주식으로 취득되었으며, Morgan Stanley Smith Barney LLC를 통해 2025년 6월 30일경 매각이 실행될 예정입니다. 총 발행 주식 수는 141,110,559주로 보고되어 있으며, 제안된 매도는 유통 주식 수의 0.01% 미만에 해당합니다.

신고서에는 매도 주주로 David Buonasera가 명시되어 있으며, 그는 지난 3개월 동안 이미 12,395주를 매각하여 총 $194,776.59의 수익을 올렸습니다. 금액은 Magnite의 시가총액에 비해 적지만, 연속적인 내부자 매도는 일부 투자자들에게 우려를 불러일으킬 수 있습니다. 이 서식에는 운영 또는 재무 성과 데이터가 포함되어 있지 않으며, Magnite의 기본 사항에 대한 주장을 하지 않고, 단지 내부자의 Rule 144에 따른 매도 의도만을 공개합니다.

Magnite, Inc. (MGNI) a déposé un formulaire 144 indiquant une vente prévue de 9 289 actions ordinaires d'une valeur d'environ 204 358 $ aux prix du marché en vigueur. Les actions ont été initialement acquises le 15/02/2024 en tant qu'actions restreintes directement auprès de l'émetteur et la vente sera réalisée par l'intermédiaire de Morgan Stanley Smith Barney LLC aux alentours du 30/06/2025. Le nombre total d'actions en circulation est rapporté à 141 110 559, de sorte que la vente proposée représente moins de 0,01 % du flottant.

Le dépôt mentionne David Buonasera comme actionnaire vendeur, qui a déjà cédé 12 395 actions au cours des trois derniers mois pour un produit brut de 194 776,59 $. Bien que les montants en dollars soient modestes par rapport à la capitalisation boursière de Magnite, des ventes consécutives d'initiés peuvent susciter des inquiétudes chez certains investisseurs. Le formulaire ne contient aucune donnée opérationnelle ou financière et ne fait aucune déclaration sur les fondamentaux de Magnite ; il se limite à divulguer l'intention de l'initié de vendre conformément à la règle 144.

Magnite, Inc. (MGNI) hat ein Formular 144 eingereicht, das einen geplanten Verkauf von 9.289 Stammaktien im Wert von etwa 204.358 $ zu den aktuellen Marktpreisen anzeigt. Die Aktien wurden ursprünglich am 15.02.2024 als Restricted Stock direkt vom Emittenten erworben und sollen über Morgan Stanley Smith Barney LLC etwa am 30.06.2025 verkauft werden. Die Gesamtzahl der ausstehenden Aktien wird mit 141.110.559 angegeben, sodass der geplante Verkauf weniger als 0,01 % des Streubesitzes ausmacht.

Im Formular wird David Buonasera als verkaufender Aktionär genannt, der in den letzten drei Monaten bereits 12.395 Aktien veräußert hat und dabei Bruttoerlöse von 194.776,59 $ erzielte. Obwohl die Beträge im Vergleich zur Marktkapitalisierung von Magnite gering sind, können aufeinanderfolgende Insider-Verkäufe bei einigen Investoren Besorgnis hervorrufen. Das Formular enthält keine operativen oder finanziellen Leistungsdaten und trifft keine Aussagen zu den Fundamentaldaten von Magnite; es offenbart lediglich die Verkaufsabsicht des Insiders gemäß Regel 144.

0001858257false00018582572025-06-262025-06-26

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 26, 2025

 

 

AvidXchange Holdings, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-40898

86-3391192

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

1210 AvidXchange Lane

 

Charlotte, North Carolina

 

28206

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 800 560-9305

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, $0.001 par value per share

 

AVDX

 

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

AvidXchange Holdings, Inc. (the “Company”) held its 2025 annual meeting of stockholders (the “Annual Meeting”) on June 26, 2025. Holders of the Company’s common stock as of the close of business on April 28, 2025, the record date, were entitled to vote at the Annual Meeting. As of the record date, there were 206,238,144 shares of the Company’s common stock outstanding. Each share of common stock was entitled to one vote on each proposal. A quorum, representing holders of 169,762,759 shares of the Company’s common stock, or 82.31% of the outstanding shares of the Company’s common stock as of the record date, was present in person or represented by proxy at the Annual Meeting.

Set forth below is a brief description of each matter submitted to a vote of the Company’s stockholders:

1. Proposal No. 1: The election of Oni Chukwu, Lance Drummond, and James Hausman as Class I directors to serve in such roles until the 2028 annual meeting of stockholders and until their successors are duly elected and qualified.

2. Proposal No. 2: The ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2025.

3. Proposal No. 3: The approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers.

The proposals are described further in the Company’s “Proxy Statement for 2025 Annual Meeting of Stockholders” filed on April 30, 2025, with the United States Securities and Exchange Commission.

The Company’s inspector of elections certified the following vote tabulations.

Proposal No. 1: Election of Class I Directors.

The proposal was approved based upon the following votes:

Nominee

For

Withheld

Broker
Non-Votes

Oni Chukwu

136,247,864

10,982,192

22,532,703

Lance Drummond

135,752,270

11,477,786

22,532,703

James Hausman

114,545,564

32,684,492

22,532,703

Proposal No. 2: Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm for the Company’s fiscal year ending December 31, 2025.

The proposal was approved based upon the following votes:

For

Against

Abstain

Broker Non-Votes

169,114,545

575,427

72,787

N/A

Proposal No. 3: The approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers.

The proposal was approved based upon the following votes:

For

Against

Abstain

Broker Non-Votes

138,372,672

8,558,500

298,884

22,532,703

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

AVIDXCHANGE HOLDINGS, INC.

 

 

 

 

Date:

June 30, 2025

By:

/s/ Ryan Stahl

 

 

Name:

Title:

Ryan Stahl
General Counsel, Senior Vice President and Secretary

 


FAQ

What is Magnite (MGNI) disclosing in this Form 144?

The company reports an insider’s plan to sell 9,289 common shares worth about $204k on or after 06/30/2025.

Who is selling the shares according to the filing?

David Buonasera is listed as the selling shareholder under Rule 144.

How many Magnite shares has the insider sold recently?

The insider sold 12,395 shares in May 2025 and now plans to sell an additional 9,289 shares.

What percentage of Magnite’s outstanding shares does the planned sale represent?

Less than 0.01 % of the 141,110,559 shares outstanding.

Does the filing include any financial performance data?

No, Form 144 only details the intended sale; it contains no earnings or operational metrics.
Avidxchange Holdings, Inc.

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