AvidXchange (AVDX) insider exercises options, RSUs vest and shares sold

Rhea-AI Filing Summary

AvidXchange Holdings insider Todd Alan Cunningham reported option exercises, RSU vesting and subsequent stock sales. On 03/27/2025 Cunningham exercised employee stock options to acquire 47,664 shares at an exercise price of $0.97 per share. Those options were originally exercisable through 04/23/2025 and underlying shares were recorded as common stock.

On 08/15/2025, 6,530 restricted stock units vested and converted to common stock and the filing shows sales on that date disposing of 1,875, 2,215 and 2,439 shares at $9.90 per share. The filing lists beneficial ownership following these transactions at 491,075 shares.

Positive

• Alignment with compensation plan: Exercise and RSU vesting follow documented grant schedules.
• Transparency: Transactions were reported on a Form 4 with transaction dates and prices disclosed.

Negative

• Insider selling: Disposals of 6,529 shares at $9.90 reduced reported beneficial ownership.
• Concentrated disposals on vesting date: Multiple tranches sold on 08/15/2025 could be viewed as immediate monetization of vested equity.

Insights

Financial Analyst

TL;DR: Routine insider option exercise and RSU vesting followed by modest disposals; no new material change to control.

The filing documents an exercise of 47,664 employee stock options at $0.97 on 03/27/2025 and the vesting of 6,530 restricted stock units on 08/15/2025. On 08/15/2025 the reporting person disposed of three tranches totaling 6,529 shares at $9.90 per share. Beneficial ownership is reported at 491,075 shares after these transactions. These are standard compensation-related transactions rather than corporate events affecting operations or guidance.

Corporate Governance Expert

TL;DR: Transactions appear consistent with compensation vesting schedules and Rule 16 reporting; no governance red flags in the filing.

The Form 4 discloses option exercise and RSU conversions tied to prior grants and scheduled vesting. Sales on the same vesting date are shown at $9.90 per share. The form is signed by an attorney-in-fact and includes remarks noting the reporting persons officer roles. There is no indication of unusual timing or related-party transfers in the disclosed lines.

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^*

Cunningham Todd Alan

(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)
03/27/2025

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	03/27/2025		M		47,664	A	$0.97	491,074	D
Common Stock	08/15/2025		M		6,530	A	(1)	497,604	D
Common Stock	08/15/2025		F		1,875	D	$9.9	495,729	D
Common Stock	08/15/2025		F		2,215	D	$9.9	493,514	D
Common stock	08/15/2025		F		2,439	D	$9.9	491,075	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
Employee Stock Option (right to buy)	$0.97	03/27/2025		M			47,664	04/23/2018	04/23/2025	Common Stock	47,664	$0	0	D
Restricted Stock Units	(1)	08/15/2025		M			6,530	(2)	(2)	Common Stock	6,530	$0.00	13,060	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 104,477 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 People Officer, Senior Vice President

	/s/ Ryan Stahl, Attorney-in-Fact for Todd Cunningham	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).
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FAQ

What transactions did AVDX insider Todd Cunningham report on Form 4?

The Form 4 reports exercise of 47,664 options at $0.97 on 03/27/2025, vesting/conversion of 6,530 RSUs on 08/15/2025, and sales of 1,875, 2,215 and 2,439 shares at $9.90 on 08/15/2025.

How many shares did Cunningham beneficially own after the reported transactions?

The filing lists beneficial ownership following the reported transactions as 491,075 shares.

What was the exercise price and expiration for the exercised options?

The exercised employee stock options had an exercise price of $0.97 and an expiration date shown as 04/23/2025.

Were the restricted stock units part of a scheduled grant?

Yes. The RSUs were from a March 16, 2022 grant of 104,477 RSUs vesting 25% on the first anniversary and quarterly thereafter; the filing notes RSUs convert one-for-one upon vesting.

Who signed the Form 4 on behalf of the reporting person?

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