Todd Alan Cunningham Form 3 AvidXchange / Todd Alan Cunningham ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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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. Date of Event Requiring Statement (Month/Day/Year)
10/12/2021

3. Issuer Name and Ticker or Trading Symbol
AvidXchange Holdings, Inc. [ AVDX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
See Remarks

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	10/09/2017	10/09/2024	Common Stock	80,772	0.27(1)	D
Employee Stock Option (right to buy)	04/23/2018	04/23/2025	Common Stock	47,664	0.97(1)	D
Employee Stock Option (right to buy)	03/25/2019	06/01/2026	Common Stock	19,604	2.04(1)	D
Employee Stock Option (right to buy)	03/29/2020	03/29/2027	Common Stock	10,000	3.18(1)	D
Employee Stock Option (right to buy)	(2)	03/05/2028	Common Stock	27,648	3.22(1)	D
Employee Stock Option (right to buy)	(3)	03/20/2029	Common Stock	29,260	3.79(1)	D
Employee Stock Option (right to buy)	(4)	10/01/2030	Common Stock	53,588	10.42(1)	D
Employee Stock Option (right to buy)	(5)	02/19/2031	Common Stock	100,960	12.11(1)	D

Explanation of Responses:

1. Number of Shares and Exercise Price give effect to the 4-for-1 forward stock split that was effected on September 30, 2021.

2. The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 5, 2018.

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

4. The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2020.

5. The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2021.

Remarks:

Chief People Officer, Senior Vice President Exhibit List Exhibit 24- Power of Attorney

	/s/ Ryan Stahl, Attorney-in-Fact for Todd Cunningham	10/12/2021
	** 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 5 (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.
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