SCHEDULE 13G/A: AvidXchange Co-Founder Michael Praeger Discloses 7.8% Stake in Company

Michael Praeger, a co-founder of AvidXchange Holdings, Inc., has disclosed a beneficial ownership of 7.8% of the company's common stock as of March 31, 2025.

Summary

• Michael Praeger, a co-founder of AvidXchange Holdings, Inc., beneficially owns 16,157,177 shares of the company's common stock.
• This ownership represents 7.8% of the total 206,238,144 shares of Common Stock outstanding as of April 28, 2025.
• His beneficial ownership includes 9,719,576 shares of Common Stock, 1,672,717 shares underlying stock options exercisable within 60 days of March 31, 2025, and 87,093 shares underlying restricted stock units vesting within 60 days of March 31, 2025, all held directly by him.
• Additional holdings contributing to his beneficial ownership include 660,627 shares held jointly with his spouse, 1,888,652 shares held by Green and Gold 2014 GRAT (for which he is trustee), 1,328,276 shares held by Green and Gold 2015 GRAT (for which he is trustee), 213,468 shares held by MP Charitable Trust (for which he is trustee), and 586,768 shares held directly by his spouse.
• Mr. Praeger holds sole voting and dispositive power over 11,479,386 shares and shared voting and dispositive power over 4,677,791 shares.

Sentiment

Score: 8

Explanation: The disclosure of a significant beneficial ownership stake by a co-founder, Michael Praeger, indicates strong insider confidence in the company's long-term prospects. This is generally viewed positively by investors as it aligns management's interests with shareholders.

Positives

• Significant insider ownership (7.8%) by a co-founder, Michael Praeger, indicates strong confidence in the company's future prospects and aligns his interests with long-term shareholder value.
• The substantial stake, including direct shares, options, and restricted stock units, demonstrates a vested interest in the company's performance.

Negatives

• The filing itself does not present any negative information; it is a disclosure of ownership.

Risks

• No specific risks are detailed in this ownership disclosure filing.

Industry Context

This Schedule 13G filing is a standard regulatory disclosure indicating a significant ownership stake by a company insider. It does not provide broader industry trends or competitive analysis, but rather focuses on the individual's beneficial ownership in AvidXchange Holdings, Inc., a company operating in the financial technology sector, specifically in accounts payable automation.

Related Party Transactions

• Michael Praeger's beneficial ownership includes shares held jointly with his spouse, and shares held in trusts (Green and Gold 2014 GRAT, Green and Gold 2015 GRAT, MP Charitable Trust) for which he serves as trustee, as well as shares held directly by his spouse. These represent holdings through related parties rather than specific transactions detailed in this filing.

Stakeholder Impact

• Shareholders: The significant insider ownership by a co-founder can be seen as a positive signal, potentially increasing investor confidence due to alignment of interests between management and shareholders.

Key Dates

Keywords

AvidXchange Holdings Inc., Michael Praeger, Schedule 13G, Beneficial Ownership, Insider Holdings, Common Stock, AVDX, SEC Filing, Shareholder Disclosure