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AvidXchange Holdings CEO Disposes of 400,000 Shares

Strategic Insights

— 1 min read

Praeger Michael, the Chief Executive Officer of AvidXchange Holdings, Inc. (AVDX), has disposed of 400,000 shares of the company's stock at a rate of $9 per share on October 15, 2025. This significant transaction comes in the wake of the company's merger agreement, which automatically canceled and terminated outstanding stock options and converted them into cash awards.

Key Takeaways:

  • Praeger Michael, Chief Executive Officer of AvidXchange Holdings, Inc. (AVDX), disposed of 400,000 shares of the company's stock at $9 per share on October 15, 2025.
  • The disposal of shares was made in accordance with the terms of the company's merger agreement, which provided for the automatic cancellation and termination of outstanding stock options.
  • The merger agreement also substituted outstanding and unvested stock options with a per share exercise price less than the merger consideration with cash awards.
  • Each outstanding and unvested stock option was converted into a cash award equal to the aggregate number of shares of Common Stock subject to the option multiplied by the excess of the merger consideration over the exercise price per share.
  • The cash awards to the executive team and other eligible employees will be subject to the same terms and conditions applicable prior to the effective time of the merger.
  • The Merger Consideration is not explicitly stated in the original text.

Statistics:

  • 400,000 shares disposed of by Praeger Michael on October 15, 2025.
  • $9 per share disposal price.
  • The number of shares subject to vested stock options immediately prior to the Effective Time is not explicitly stated in the original text.
  • The number of shares subject to unvested stock options immediately prior to the Effective Time is also not explicitly stated in the original text.
  • The exact terms of the merger consideration and exercise price per share are not provided in the source material.

Sources:

  • Form 4 filed with The Securities and Exchange Commission on October 15, 2025.

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