AvidXchange (AVDX) Director Teresa Mackintosh Receives Equity Grant

Rhea-AI Filing Summary

Form 4 highlights: On 06/26/2025, AvidXchange Holdings, Inc. (AVDX) filed a Form 4 disclosing that director Teresa Mackintosh received 18,916 restricted stock units (RSUs) of the company’s common stock at a cost basis of $0.00.

The RSUs will vest on the earlier of (A) the first anniversary of the grant date or (B) the next annual meeting of AvidXchange stockholders, provided Ms. Mackintosh remains on the board. Each RSU converts into one share upon vesting and carries no expiration date.

Following the grant, Ms. Mackintosh’s direct beneficial ownership increased to 65,904 shares of AVDX common stock. No derivative securities were reported and no shares were sold or otherwise disposed of.

This filing represents routine director equity compensation designed to align board interests with shareholder value. While not material in size relative to AvidXchange’s total share count, it signals ongoing insider ownership commitment.

Positive

• Director equity increase: 18,916 new RSUs raise insider ownership, modestly aligning board incentives with shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small RSU grant to director; mildly positive alignment signal, limited market impact.

The Form 4 details a standard board compensation grant of 18,916 RSUs to Director Teresa Mackintosh. The zero-cost award vests within one year or at the next shareholder meeting, contingent on continued service. After the grant, her direct stake rises to 65,904 shares—still a modest holding relative to AVDX’s float. No cash transactions, sales, or derivative exercises were involved, so immediate dilution is immaterial. While insider accumulation is directionally positive, the scale is too small to alter the investment thesis or valuation models. Overall market impact: negligible.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mackintosh Teresa

Role Director

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

Holdings After Transaction: Common Stock — 65,904 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^*

Mackintosh Teresa

(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	65,904	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 restricted 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 Teresa Mackinstosh	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

What did the AVDX Form 4 filed on 06/27/2025 disclose?

It reported that Director Teresa Mackintosh received 18,916 RSUs on 06/26/2025 at a cost of $0.00.

How many AVDX shares does Teresa Mackintosh now own?

After the grant, she directly owns 65,904 common shares of AvidXchange.

When will the 18,916 RSUs awarded to Teresa Mackintosh vest?

They vest on the earlier of one year from the grant date or the next AVDX annual shareholder meeting, subject to board service.

Were any AvidXchange derivative securities exercised or sold in this Form 4?

No. The filing shows no derivative transactions or share sales.

Does the RSU grant materially affect AVDX’s share count?

No. The additional 18,916 shares are immaterial relative to the company’s total outstanding shares.