AvidXchange Strengthens Board Alignment with New Director Stock Awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AvidXchange Holdings director Sonali Sambhus received a grant of 18,916 restricted stock units (RSUs) on June 26, 2025. Following this transaction, Sambhus directly owns 61,213 shares of common stock.
The RSUs were granted at $0.00 and will vest on either:
- The first anniversary of the grant date, or
- The next annual stockholder meeting
Vesting is contingent on Sambhus maintaining continuous service on the board of directors. Each RSU represents the right to receive one share of common stock upon vesting. The transaction was reported via Form 4 filing and executed by Ryan Stahl as attorney-in-fact for Sambhus.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sambhus Sonali
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,916 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 61,213 shares (Direct)
Footnotes (1)
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FAQ
How many AVDX restricted stock units (RSUs) did Sonali Sambhus receive on June 26, 2025?
According to the Form 4 filing, Sonali Sambhus received 18,916 restricted stock units (RSUs) of AVDX on June 26, 2025, at a price of $0.00 per unit.
What is the vesting schedule for AVDX director Sonali Sambhus's new RSUs?
The RSUs will vest on the earlier of: (A) the first anniversary of the grant date, or (B) the next annual meeting of AVDX stockholders, subject to Sambhus's continuous service on the board of directors through the vesting date.
What is Sonali Sambhus's role at AVDX according to the Form 4?
According to the Form 4 filing, Sonali Sambhus serves as a Director of AvidXchange Holdings, Inc. (AVDX), as indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.