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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.

Michael Praeger, Chief Executive Officer and Director of AvidXchange Holdings, Inc. (AVDX), reported multiple transactions dated 08/15/2025. A grant of 32,649 restricted stock units vested and converted one-for-one into common stock, recorded as an acquisition. On the same date the reporting form discloses two open-market dispositions of 14,268 and 13,089 shares at $9.90 per share. Following these transactions the filing shows Mr. Praeger鈥檚 direct common stock position reported at 10,945,998 shares and various indirect holdings through trusts and joint tenancy totaling substantial additional shares (for example, 757,327 indirect by Michael Praeger and Cindy Praeger).

The filing corrects prior 2022 Forms 4 that overstated direct holdings and explains the RSU grant schedule from March 16, 2022, originally for 522,388 RSUs with quarterly vesting after the first anniversary. The Form 4 was signed on 08/19/2025 by an attorney-in-fact.

Michael Praeger, CEO and director of AvidXchange Holdings, sold shares of the company's common stock in a series of sell-to-cover transactions to satisfy tax withholding on vested restricted stock units. The reported sales on 08/27/2024 totaled 37,649 shares (8,355 + 14,016 + 15,278), executed in multiple trades at prices ranging from $7.90 to $8.04, with a weighted average sale price of $7.9789. Following those transactions, the filing shows beneficial ownership figures of 10,482,656, 10,468,640 and 10,453,362 shares after each reported sale. The Form 4/A amends an earlier filing to correct overstated numbers and reduces the reporting person's aggregate beneficial ownership by 424 shares from the prior report.

AvidXchange Holdings insider filing (Form 4) shows Angelic Gibson, listed as Chief Information Officer and Senior Vice President, reported transactions dated 08/15/2025. 10,883 restricted stock units vested and converted into common stock on a one-for-one basis. On the same date Gibson disposed of 4,756 shares, 4,462 shares, and 5,899 shares at a reported price of $9.90 per share. The filing lists beneficial ownership counts after each transaction sequence: 731,153, 726,397, 721,935, and 716,036 shares respectively. The RSU grant disclosed was originally 174,129 units awarded on March 16, 2022, with a standard vesting schedule. The form is signed by an attorney-in-fact on 08/19/2025.

Insider transactions by AvidXchange director and president Daniel Drees are reported on Form 4 showing equity movements tied to the vesting of restricted stock units and subsequent open-market dispositions. The filing shows 16,324 restricted stock units vested and converted into common stock, increasing his direct holdings by that amount to 1,183,510 shares. The report also records three separate dispositions executed at $9.90 per share totaling 23,704 shares, reducing his direct holdings sequentially to 1,159,806 shares. The filing explains the vested RSUs were part of a 261,194-RSU grant with time-based quarterly vesting beginning from a February 2022 commencement date. The form is filed individually and executed under power of attorney.

AvidXchange Holdings insider Todd Alan Cunningham reported option exercises, RSU vesting and subsequent stock sales. On 03/27/2025 Cunningham exercised employee stock options to acquire 47,664 shares at an exercise price of $0.97 per share. Those options were originally exercisable through 04/23/2025 and underlying shares were recorded as common stock.

On 08/15/2025, 6,530 restricted stock units vested and converted to common stock and the filing shows sales on that date disposing of 1,875, 2,215 and 2,439 shares at $9.90 per share. The filing lists beneficial ownership following these transactions at 491,075 shares.

AvidXchange Holdings, Inc. (AVDX) is asking stockholders to approve a cash merger under an Agreement and Plan of Merger dated May 6, 2025. If approved, each outstanding share (other than rollover, canceled or dissenting shares) will be converted into the right to receive $10.00 in cash, representing a 22% premium to the May 6, 2025 closing price of $8.20. The Special Meeting will be held virtually on September 16, 2025; only holders of record as of the August 14, 2025 Record Date may vote. The Board unanimously recommends voting FOR the Merger Proposal, a non-binding Merger Compensation Proposal and an Adjournment Proposal. Barclays delivered a fairness opinion to the Board that the $10.00 consideration is fair, from a financial point of view, to holders (other than certain excluded parties). The Merger is expected to require approximately $1.9 billion of funds to close and includes termination fee provisions: a $78,000,000 Company Termination Fee and a $133,000,000 Parent Termination Fee under specified circumstances. Upon closing, AvidXchange will become a private, wholly owned subsidiary of Parent and AVDX common stock will be delisted.

AvidXchange Holdings, Inc. is the issuer referenced in this Schedule 13G/A for its common stock. The filing lists three reporting persons 鈥� Greenhouse Funds LLLP, Greenhouse GP LLC and Joseph Milano 鈥� and states that each reporting person beneficially owns 0 shares (0%) of the class. The filing also explains that the reported securities are directly owned by advisory clients of Greenhouse Funds LLLP and that none of those clients are known to beneficially own more than 5% of the outstanding common stock.

The document includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer. Each reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.

AvidXchange (AVDX) seeks stockholder approval to be taken private via a cash merger with Arrow Borrower 2025, an affiliate of TPG and Corpay. At closing, each outstanding share will be converted into $10.00 cash, a 22% premium to the 5-6-25 close ($8.20) and 16% above the 90-day VWAP. Rollover agreements will transfer certain officers鈥� shares into the new Topco structure; remaining investors receive only cash unless they perfect appraisal rights under DGCL 搂262.

The board鈥攁cting unanimously through its independent members鈥攄eems the deal fair and recommends voting FOR: (1) the merger; (2) advisory approval of executive compensation tied to the deal; (3) the right to adjourn if votes are lacking. Adoption requires majority of all outstanding shares; failure to vote counts as AGAINST the merger only.

Financing is fully back-stopped: TPG Fund IX commits up to $1.198 bn and Corpay up to $0.730 bn in equity, supplemented by a $440 m term loan and $60 m revolver. Estimated total funds needed are $1.9 bn, covering consideration, option/RSU payouts and debt payoff. Early HSR termination and EU clearance have been received; money-transmitter approvals remain pending. Barclays provided a fairness opinion in support of the $10 price.