AvidXchange (AVDX) Insider: 9,795 RSUs Vest; Sales at $9.90 Logged

Rhea-AI Filing Summary

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.

Positive

• RSU vesting disclosed, showing compensation alignment through equity: 9,795 RSUs converted one-for-one into common stock
• Timely Section 16 disclosure with manual signature, indicating compliance with insider reporting requirements

Negative

• Insider sales occurred of vested shares at $9.90 per share (3,502; 4,165; 3,013), which modestly reduced the reporting person's holdings

Insights

Financial Analyst

TL;DR: Routine RSU vesting and modest insider sales; no sign of material change in ownership.

The Form 4 documents the vesting of 9,795 RSUs that converted to common shares and subsequent disposals totaling 10,680 shares reported across sale codes. Sales executed at $9.90 per share are consistent with routine monetization of vested compensation. The ending beneficial ownership of 666,341 shares remains substantial for an officer but the transactions are not large enough, in isolation, to suggest a change to control, financing, or corporate strategy. Impact on valuation is likely negligible absent further disclosures.

Corporate Governance Expert

TL;DR: Compensation-driven vesting and subsequent disposals appear standard; disclosure is timely and complete.

The filing indicates the RSUs granted March 16, 2022, continued to vest per schedule (25% first anniversary, quarterly thereafter). Conversion and reported sales are properly disclosed with transaction codes and prices. From a governance perspective, the report shows compliance with Section 16 reporting obligations and contains the required signature. No governance red flags or unusual insider behavior are evident from this single filing.

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

OMB Number:			3235-0287
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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^*

Stahl Ryan

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

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		9,795	A	(1)	677,021	D
Common Stock	08/15/2025		F		3,502	D	$9.9	673,519	D
Common Stock	08/15/2025		F		4,165	D	$9.9	669,354	D
Common Stock	08/15/2025		F		3,013	D	$9.9	666,341	D

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			9,795	(2)	(2)	Common Stock	9,795	$0	19,590	D

Explanation of Responses:

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

2. On March 16, 2022, the reporting person was granted 156,716 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.

Remarks:

General Counsel and Secretary, Senior Vice President

	/s/ Ryan Stahl	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 Ryan Stahl report on the AVDX Form 4?

The Form 4 reports the vesting and conversion of 9,795 restricted stock units into common stock on 08/15/2025 and subsequent disposals of 3,502, 4,165, and 3,013 shares, some sold at $9.90 per share.

How many AVDX shares does Ryan Stahl beneficially own after the reported transactions?

The filing shows 666,341 shares beneficially owned by the reporting person following the transactions.

Were the reported transactions part of a scheduled vesting plan for AVDX?

Yes. The RSUs were granted on March 16, 2022, with a vesting schedule starting February 15, 2022 (25% first anniversary then quarterly), and 9,795 RSUs vested on 08/15/2025.

At what price were the sold AVDX shares reported on the Form 4?

The reported sale transactions list a price of $9.90 per share for the disclosed disposals.

Does this Form 4 indicate any change in Ryan Stahl’s role at AvidXchange?

No. The filing lists his roles as General Counsel and Secretary, Senior Vice President and contains no indication of any role change.