AvidXchange (AVDX) Form 4: Rubado Receives 18.9K RSUs

Rhea-AI Filing Summary

AvidXchange Holdings, Inc. (AVDX) – Form 4 filing dated 06/27/2025

Director Arthur J. Rubado III reported the receipt of 18,916 restricted stock units (RSUs) on 06/26/2025. The RSUs were granted at $0 consideration and will vest on the earlier of (a) the first anniversary of the grant date or (b) the next annual shareholders’ meeting, provided the director remains on the board. Each RSU converts into one share of AVDX common stock upon vesting, with no stated expiration. Following the award, Rubado’s direct beneficial ownership increased to 40,276 common shares.

No derivative securities were reported, and there were no sales or dispositions. The transaction represents routine director equity compensation aimed at aligning board incentives with shareholder interests. Although non-cash in nature and immaterial to the share count, the filing provides updated ownership disclosure for investors monitoring insider activity.

Positive

• Director ownership increases to 40,276 shares, enhancing alignment with shareholders.
• RSUs vest within one year, promoting retention and continuity on the board.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant increases director alignment; limited market impact.

The Form 4 shows a standard annual equity grant to outside director Arthur J. Rubado III. The 18,916 RSUs, vesting within one year or at the next AGM, are consistent with typical mid-cap technology governance practices. Post-grant ownership of 40,276 shares places the director comfortably above many peer benchmarks, supporting board-shareholder alignment and potentially improving say-on-pay optics. However, the grant is non-dilutive in the near term, represents less than 0.01% of shares outstanding, and involves no cash outlay or insider purchase on the open market. Therefore, valuation or liquidity effects are negligible.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rubado Arthur J III

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	18,916	$0.00	--

Holdings After Transaction: Common Stock — 40,276 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

Rubado Arthur J III

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

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	06/26/2025		A		18,916(1)	A	$0.00	40,276	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

Explanation of Responses:

1. Represents restriced stock units ("RSUs") which will vest on the first to occur of (A) the first anniversary of the date of grant or (B) the next occurring annual meeting of the Issuer's stockholders, subject to the Reporting Person's continuous service on the board of directors of the Issuer through such vesting date. Each RSU represents a contingent right to receive one share of common stock of the Issuer and the RSUs have no expiration date.

	/s/ Ryan Stahl, Attorney-in-Fact for Arthur J Rubado III	06/27/2025
	** 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

How many AVDX shares did Director Arthur J. Rubado III acquire?

He received 18,916 RSUs, each convertible to one common share upon vesting.

What is the vesting schedule for the new AVDX RSUs?

They vest on the earlier of the first anniversary of grant (06/26/2026) or the next annual shareholder meeting.

What is Rubado's total beneficial ownership after the transaction?

Following the grant, he directly owns 40,276 AVDX common shares.

Did the director pay anything for the RSUs?

No. The RSUs were granted at $0 purchase price as part of standard director compensation.

Does this Form 4 indicate any insider selling at AVDX?

No. The filing reports only an acquisition of RSUs; there were no sales or dispositions.