Avidxchange Holdings, Inc. SEC Filings

AvidXchange Holdings (AVDX) completed a merger in which each outstanding share of common stock was converted into the right to receive $10.00 in cash at the Effective Time. Following this change in control, the company’s Chief Financial Officer filed a Form 4 reflecting the disposition of common stock in connection with the transaction and a resulting beneficial ownership of zero shares.

Unvested restricted stock units were converted into cash awards based on the number of underlying shares multiplied by the $10.00 consideration. Vested stock options were canceled for cash equal to the in-the-money amount, while eligible unvested options were converted into cash awards for any intrinsic value, all pursuant to the merger agreement. The reported transaction date is 10/15/2025.

AvidXchange Holdings, Inc. (AVDX) completed a merger in which each outstanding share of Common Stock was converted into the right to receive $10.00 in cash at the Effective Time. In a related Form 4, director Oni Chukwu reported a disposition of 40,276 shares of Common Stock on 10/15/2025, resulting in 0 shares beneficially owned after the transaction.

The filing also notes that each outstanding restricted stock unit that did not vest at closing was automatically converted into a cash award equal to the number of underlying shares multiplied by $10.00, consistent with the merger consideration. AvidXchange survived the merger as a wholly owned subsidiary of Arrow Borrower 2025, Inc.

AvidXchange Holdings, Inc. filed a Form 4 reporting a merger-related share conversion. On 10/15/2025, a director disposed of 82,120 shares of Common Stock (code D), leaving 0 shares beneficially owned after the transaction.

Per the merger terms, each outstanding share of Common Stock was automatically converted at the Effective Time into the right to receive $10.00 in cash, without interest. Outstanding restricted stock units that did not vest at the Effective Time were converted into cash awards equal to the number of underlying shares multiplied by $10.00, subject to the award terms.

AvidXchange Holdings, Inc. (AVDX) filed a Form 4 reporting a merger-related cash-out. On 10/15/2025, a director reported the disposition of 61,213 shares of Common Stock pursuant to the closing of a merger in which each share was converted into the right to receive $10.00 in cash, without interest. Following the transaction, the reporting person held 0 shares.

The filing also notes that, at the effective time of the merger, each outstanding restricted stock unit that did not vest at closing was converted into a cash award equal to the number of underlying shares multiplied by $10.00, subject to the award’s terms.

Glazer Capital, LLC and its managing member Paul J. Glazer filed a Schedule 13G reporting shared beneficial ownership of 12,577,251 shares of AvidXchange Holdings, Inc. common stock, representing 6.06% of the class as of the filing event dated 10/03/2025. The filing states the shares are held by Glazer-managed funds and accounts and that the Reporting Persons have shared voting and dispositive power over those shares but no sole voting or dispositive power. The statement certifies that the holdings were not acquired to change or influence control of the issuer. Signatures from Mr. Glazer appear with a signature date of 10/10/2025.

AvidXchange Holdings, Inc. reported that its stockholders held a special meeting to consider proposals under an Agreement and Plan of Merger dated May 6, 2025.

Under the Merger Agreement, Arrow Merger Sub 2025, Inc. will merge with and into AvidXchange, leaving the company as a wholly owned subsidiary of Arrow Borrower 2025, Inc., an affiliate of TPG Global, LLC. The filing also states that Corpay, Inc. will be a direct or indirect investor in Parent. The document describes corporate steps to effect the transaction but does not disclose consideration, closing conditions, or timing beyond the agreement date.

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.

AvidXchange Holdings insider activity: Joel Wilhite, identified as Chief Financial Officer and Senior Vice President, reported transactions dated 08/15/2025 involving restricted stock unit vesting and open-market sales. 16,324 restricted stock units vested and were reported as acquired, converting one-for-one into common shares. The filing also records three sales on the same date totaling 21,151 shares at a price of $9.90 per share. After these transactions the reporting person beneficially owned 804,014 shares.

Ryan Stahl, General Counsel and Secretary of AvidXchange Holdings, Inc. (AVDX) reported restricted stock unit (RSU) vesting and subsequent disposals on 08/15/2025. A total of 9,795 RSUs vested and converted one-for-one into common stock. Following vesting, the report shows three separate sale transactions that disposed of 3,502, 4,165 and 3,013 shares at $9.90 per share, leaving the reporting person with 666,341 shares beneficially owned after the transactions. The filing reflects routine compensation vesting and partial sales of vested shares rather than a new grant or a change in executive role.