Form 4: AvidXchange Director Disposes Shares in Merger

AvidXchange Holdings, Inc. director James Michael McGuire disposed of 84,620 shares of common stock following the company's merger into a wholly-owned subsidiary.

Summary

• Director James Michael McGuire reported the disposal of 84,620 shares of AvidXchange Holdings, Inc. Common Stock.
• The transaction occurred on October 15, 2025, in connection with an Agreement and Plan of Merger dated May 6, 2025.
• AvidXchange Holdings, Inc. merged with Arrow Merger Sub 2025, Inc., a wholly-owned subsidiary of Arrow Borrower 2025, Inc., with AvidXchange surviving as a wholly-owned subsidiary.
• At the effective time of the merger, each outstanding share of Common Stock was automatically converted into the right to receive $10.00 in cash.
• Unvested restricted stock units were also converted into cash awards, calculated as the product of the underlying shares and the $10.00 merger consideration.
• Following the reported transaction, James Michael McGuire beneficially owns 0 shares of Common Stock.

Sentiment

Score: 5

Explanation: Neutral, as this is a mandatory disclosure of a transaction resulting from a merger, not a discretionary sale or purchase. The filing simply reports the expected consequence for an insider following a corporate action.

Future Outlook

NA

Industry Context

This filing reports a mandatory insider transaction resulting from a corporate merger, which is a company-specific event rather than a reflection of broader industry trends.

Stakeholder Impact

• Shareholders received $10.00 per share in cash for their common stock as a result of the merger.
• Holders of unvested restricted stock units received cash awards based on the merger consideration.

Key Dates

Keywords

AvidXchange Holdings, AVDX, James Michael McGuire, Form 4, Insider Transaction, Merger, Common Stock, Director, Securities Disposal, Arrow Borrower 2025