AvidXchange insider filing: 32,649 RSUs vested; 27,357 shares sold at $9.90

Rhea-AI Filing Summary

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.

Positive

• 32,649 restricted stock units vested and converted to common stock, increasing direct alignment with shareholders
• Substantial ownership remains: direct holdings reported in the multi-million-share range and significant indirect holdings via trusts and joint tenancy
• Disclosure corrects prior errors from 2022 filings, improving transparency about attribution between direct and indirect holdings

Negative

• Two open-market dispositions totaling 27,357 shares were sold at $9.90 per share on 08/15/2025
• Frequent reattributions between direct and indirect holdings in prior filings could have caused temporary reporting confusion

Insights

Financial Analyst

TL;DR: Routine insider vesting plus modest open-market sales; maintains large direct and indirect ownership.

The transactions reflect standard executive equity mechanics: 32,649 RSUs vested and converted into shares while two small open-market sales totaling 27,357 shares occurred at $9.90 each on 08/15/2025. The report also documents corrected reporting of prior 2022 purchases between direct and indirect accounts, clarifying historic ownership. For investors, the filing provides transparency on executive holdings and recent liquidity events without disclosing any new corporate developments.

Corporate Governance Expert

TL;DR: Filing shows compliance with Section 16 reporting and corrects past misattribution of holdings.

The Form 4 documents vesting, sales, and an explicit explanation correcting earlier misstatements in 2022 regarding attribution between direct and indirect holdings. The inclusion of the explanation and the attorney-in-fact signature on 08/19/2025 indicate attention to disclosure accuracy and formal execution. These are governance-appropriate actions for an executive with significant blended direct and indirect ownership positions.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Praeger Michael

(Last) (First) (Middle)

C/O AVIDXCHANGE HOLDINGS, INC.

1210 AVIDXCHANGE LANE

(Street)

CHARLOTTE NC 28206

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AvidXchange Holdings, Inc. [ AVDX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/15/2025		M		32,649	A	(1)	10,973,355(2)	D
Common Stock	08/15/2025		F		14,268	D	$9.9	10,959,087	D
Common Stock	08/15/2025		F		13,089	D	$9.9	10,945,998	D
Common Stock								213,468	I	By MP Charitable Trust
Common Stock								757,327(2)	I	By Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship
Common Stock								1,888,652	I	By Green and Gold 2014 GRAT
Common Stock								1,328,276	I	By Green and Gold 2015 GRAT

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	08/15/2025		M			32,649	(3)	(3)	Common Stock	32,649	$0	65,299	D

Explanation of Responses:

1. Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.

2. The Forms 4 filed on March 11, 15 and 16, 2022 inadvertently overstated Mr. Praeger's direct holdings of common stock by disclosing the open market purchases as being attributable to his direct holdings instead of his indirect holdings by Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship. Mr. Praeger's direct holdings on March 11, 15 and 16, 2022 (the dates the Forms 4 were filed) were 8,670,953 shares. Mr. Prager's indirect holdings by Michael Praeger and Cindy Praeger, Joint Tenants with Right of Survivorship on March 11, 15 and 16, 2022 (the dates the Forms 4 were filed) were 730,127, 744,427 and 757,327, respectively.

3. On March 16, 2022, the reporting person was granted 522,388 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.

	/s/ Ryan Stahl, Attorney-in-Fact for Michael Praeger	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Michael Praeger report on Form 4 for AVDX?

The Form 4 reports the vesting and conversion of 32,649 RSUs into common stock and two open-market dispositions of 14,268 and 13,089 shares at $9.90 each on 08/15/2025.

How many shares does Michael Praeger hold directly after the 08/15/2025 transactions?

The filing shows direct common stock holdings reported at 10,945,998 shares following the disclosed transactions.

Were there any corrections or explanations included in the Form 4?

Yes. The filing explains that certain Forms 4 filed on March 11, 15 and 16, 2022 overstated direct holdings and clarifies the correct attribution between direct and indirect holdings.

Did the Form 4 disclose indirect holdings for Michael Praeger?

Yes. Indirect holdings disclosed include amounts held by trusts and joint tenancy, for example 757,327 shares by Michael Praeger and Cindy Praeger as joint tenants and other amounts held in GRATs.

When was the Form 4 signed and by whom?

The Form 4 was signed on 08/19/2025 by Ryan Stahl, Attorney-in-Fact for Michael Praeger.

What was the original RSU grant referenced in the filing?

The filing references an RSU grant on 03/16/2022 for 522,388 restricted stock units with vesting beginning 02/15/2022, vesting 25% after one year and quarterly thereafter.