AvidXchange Holdings, Inc. Insider Share Disposal

AvidXchange Holdings, Inc., a fintech company, recently announced the disposal of 181,818 shares by its Chief Financial Officer, Wilhite Joel. This transaction occurred on October 15, 2025, at a rate of $9 per share. The sale was part of a larger agreement that affected outstanding stock options, resulting in the conversion of vested options into cash payments and the substitution of unvested options with cash awards.

Key Takeaways:

• Wilhite Joel, Chief Financial Officer, Senior Vice President, disposed of 181,818 shares of AvidXchange Holdings, Inc. [AVDX] at the rate of $9 per share on October 15, 2025.
• The sale was part of a Merger Agreement, which led to the cancellation and termination of outstanding stock options and their conversion into cash payments or cash awards.
• Vesting stock options were automatically canceled and terminated, resulting in a cash payment equal to the product of the aggregate number of shares and the excess of the Merger Consideration over the exercise price per share.
• Unvested stock options with a per share exercise price less than the Merger Consideration were substituted with a cash award equal to the aggregate number of shares multiplied by the excess of the Merger Consideration over the exercise price per share.
• The terms and conditions applicable prior to the Effective Time remained in effect for these unvested options.
• The disposal of shares by Wilhite Joel is subject to disclosure under the Securities and Exchange Commission's Form 4.

Statistics:

• 181,818 shares of AvidXchange Holdings, Inc. [AVDX] were disposed of by Wilhite Joel on October 15, 2025.
• The rate of disposal was $9 per share.
• The sale occurred as part of a bigger agreement that affected outstanding stock options, resulting in changes to their value or form.

Sources:

• AvidXchange Holdings, Inc.'s Form 4 filed with The Securities and Exchange Commission on October 15, 2025.
• Securities and Exchange Commission, Form 4 (2025).