AVDX Form 4: Officer Exercises 18,640 Options at $3.79

Ryan Stahl, General Counsel and Secretary and Senior Vice President of AvidXchange Holdings, Inc. (AVDX), exercised employee stock options to acquire 18,640 shares of AVDX common stock on 09/09/2025 at an exercise price of $3.79 per share.

Rhea-AI Filing Summary

Ryan Stahl, General Counsel and Secretary and Senior Vice President of AvidXchange Holdings, Inc. (AVDX), exercised employee stock options to acquire 18,640 shares of AVDX common stock on 09/09/2025 at an exercise price of $3.79 per share. After the exercise, Mr. Stahl beneficially owned 684,981 shares. The underlying option grant was issued on 03/20/2019, vested 25% on the first anniversary and monthly thereafter over 36 months, and the reported options expire on 03/20/2029.

Positive

• Insider exercise completed, showing transparent reporting of option exercise and current beneficial ownership
• Vesting schedule and grant date disclosed, enabling verification of the option's origin and vesting timeline

Negative

• None.

Insights

Securities/Equity Analyst

TL;DR: Insider exercised vested options to acquire 18,640 shares, increasing beneficial ownership to 684,981 shares.

The report documents a standard option exercise under an existing employee grant: 18,640 options were exercised at $3.79 per share, with the options originally granted 03/20/2019 and expiring 03/20/2029. The transaction appears to be execution of vested rights rather than a market purchase or sale. The increase in reported beneficial ownership is explicit and verifiable from the form. No cash proceeds, sales, or hedging arrangements are reported.

Corporate Governance Expert

TL;DR: This is a routine insider exercise of previously granted options; disclosure aligns with Section 16 reporting requirements.

The filing identifies the reporting person as an officer and director and discloses the vesting schedule and grant date. The nature of the transaction (exercise of employee stock options) and the remaining expiration date are stated, supporting transparency about insider holdings. The form does not disclose any disposition of shares following the exercise.

Insider Trade Summary

18,640 shares exercised/converted

Exercise 2 txns

Insider Stahl Ryan

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	18,640	$0.00	$0.00
Exercise	Common Stock	18,640	$3.79	$71K

Holdings After Transaction: Employee Stock Option (right to buy) — 0 contracts (Direct); Common Stock — 684,981 shares (Direct)

Footnotes (1)

1. F1. The option vested 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 20, 2019.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Ryan Stahl report on AVDX Form 4?

The filing reports an exercise of employee stock options for 18,640 shares at an exercise price of $3.79 per share on 09/09/2025.

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

Following the reported transaction, Ryan Stahl beneficially owned 684,981 shares of AvidXchange common stock.

When was the option grant issued and when does it expire?

The option grant date was 03/20/2019, it vested 25% on the first anniversary with monthly vesting thereafter over 36 months, and the options expire on 03/20/2029.

Was this a sale of shares or a purchase through exercise?

This transaction was an exercise (purchase) of options, not a sale or disposition of shares.

Does the Form 4 indicate any indirect ownership or special arrangements?

The filing indicates direct ownership (form shows 'D') and does not disclose any indirect ownership or hedging arrangements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/11/2025 - 06:27 PM Learn about SEC filing dates

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^*

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)
09/09/2025

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	09/09/2025		M		18,640	A	$3.79	684,981	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)	$3.79	09/09/2025		M			18,640	(1)	03/20/2029	Common Stock	18,640	$0	0	D

Explanation of Responses:

1. The option vested 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 20, 2019.

Remarks:

General Counsel and Secretary, Senior Vice President

	/s/ Ryan Stahl	09/11/2025
	** 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.