AvidXchange CFO reports RSU vesting and stock sales on Form 4

Rhea-AI Filing Summary

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.

Positive

• Transparent disclosure of RSU vesting and subsequent sales in a timely Form 4 filing
• Vesting mechanics explained: RSUs convert one-for-one into common stock, clarifying how shares were acquired

Negative

• Insider sales totaling 21,151 shares at $9.90 may be viewed negatively by some investors as partial liquidation of holdings

Insights

Securities Analyst

TL;DR: Insider received vested RSUs and executed contemporaneous sales reducing holdings modestly; routine, not clearly value-revealing.

The filing shows standard compensation mechanics: 16,324 restricted stock units vested and converted into common shares, increasing raw share count before the reported dispositions. Concurrently, Wilhite sold 21,151 shares across three transactions at $9.90 each, reducing beneficial ownership to 804,014 shares. These actions combine compensation vesting and liquidity-taking by an executive; the sizes are small relative to total reported holdings and appear consistent with routine insider vesting and partial disposition for liquidity or diversification. No option exercises or derivative purchases beyond RSU vesting are reported.

Corporate Governance Expert

TL;DR: Transactions reflect routine executive compensation vesting and subsequent sales; disclosures are complete and timely on Form 4.

The report discloses vesting-based acquisition and immediate open-market dispositions, with clear conversion mechanics noted. The filer used an attorney-in-fact signature, and the filing indicates the reporting person is an officer and director. There is no indication of a 10b5-1 plan checkbox being marked in the form text provided, and no amendments are indicated. From a governance perspective, the disclosure meets Section 16 reporting expectations and provides transparent share-count changes for stakeholders.

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

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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^*

Wilhite Joel

(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		16,324	A	(1)	825,165	D
Common Stock	08/15/2025		F		7,436	D	$9.9	817,729	D
Common Stock	08/15/2025		F		6,201	D	$9.9	811,528	D
Common Stock	08/15/2025		F		7,514	D	$9.9	804,014	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			16,324	(2)	(2)	Common Stock	16,324	$0	32,650	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 261,194 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:

Chief Financial Officer, Senior Vice President

	/s/ Ryan Stahl, Attorney-in-Fact for Joel Wilhite	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.
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FAQ

What did Joel Wilhite report on the Form 4 for AVDX?

He reported 16,324 restricted stock units vesting and converting to common stock and three sales totaling 21,151 shares at $9.90 on 08/15/2025.

How many shares does the reporting person own after these transactions?

The filing shows the reporting person beneficially owned 804,014 shares following the reported transactions.

Were the acquired shares from RSU vesting or option exercise?

The acquired shares resulted from restricted stock unit (RSU) vesting, which convert one-for-one into common stock.

Did the Form 4 indicate a 10b5-1 trading plan?

The provided form text does not show the 10b5-1 plan box as checked; no 10b5-1 designation is indicated in the content provided.

Who signed the Form 4 filing?

The form is signed by Ryan Stahl, Attorney-in-Fact for Joel Wilhite with a signature date of 08/19/2025.