Joel Wilhite - Mar 15, 2024 Form 4 Insider Report for AvidXchange Holdings, Inc. (AVDX)

Signature
/s/ Ryan Stahl, Attorney-in-Fact for Joel Wilhite
Stock symbol
AVDX
Transactions as of
Mar 15, 2024
Transactions value $
-$1,672,020
Form type
4
Date filed
3/19/2024, 05:31 PM
Previous filing
Mar 8, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVDX Common Stock Sale -$1.67M -136K -23.04% $12.28 455K Mar 15, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14, 2023 covering a total of 869,321 shares of the Issuer's common stock.

Remarks:

Chief Financial Officer, Senior Vice President