Form 4: AvidXchange Director Sells All Shares Post-Merger

AvidXchange Holdings, Inc. director James E. Hausman reported the disposition of all his common stock holdings following the company's merger into a wholly-owned subsidiary at $10.00 per share.

Summary

• Director James E. Hausman reported the disposition of 2,851,148 shares of AvidXchange Holdings, Inc. common stock.
• This disposition occurred on October 15, 2025, in connection with the completion of a merger.
• The shares were converted into cash at a price of $10.00 per share as part of the merger consideration.
• Following these transactions, James E. Hausman no longer beneficially owns any common stock in AvidXchange Holdings, Inc., either directly or indirectly through the Hausman Family Trust.
• Unvested restricted stock units were also converted into cash awards based on the $10.00 merger consideration.

Sentiment

Score: 8

Explanation: The filing reports the successful completion of a merger where shareholders received a fixed cash consideration of $10.00 per share, indicating a definitive and positive liquidity event for investors.

Positives

• The merger of AvidXchange Holdings, Inc. into a wholly-owned subsidiary of Arrow Borrower 2025, Inc. has been successfully completed.
• Shareholders received a definitive cash consideration of $10.00 per share for their common stock, providing a clear liquidity event.
• Unvested restricted stock units were converted into cash awards, ensuring value for award holders.

Negatives

• AvidXchange Holdings, Inc. is no longer an independent publicly traded entity, becoming a wholly-owned subsidiary.

Future Outlook

AvidXchange Holdings, Inc. has become a wholly-owned subsidiary of Arrow Borrower 2025, Inc., and its future operations will be managed under private ownership, no longer subject to public market reporting requirements.

Industry Context

The acquisition of AvidXchange Holdings, Inc. by Arrow Borrower 2025, Inc. reflects a broader trend of private equity firms acquiring publicly traded companies, often driven by opportunities to restructure, optimize operations, or capitalize on perceived undervaluation away from public market scrutiny.

Stakeholder Impact

• Shareholders: Received $10.00 cash per share, providing liquidity and a definitive exit.
• Employees: Unvested restricted stock units were converted to cash awards, subject to their original terms.
• Company: Now operates as a private entity, no longer subject to public reporting requirements.

Next Steps

• AvidXchange Holdings, Inc. will operate as a private entity under the ownership of Arrow Borrower 2025, Inc.

Key Dates

Keywords

AvidXchange, AVDX, Merger, Form 4, Insider Transaction, Director, Stock Sale, Cash Acquisition, Private Equity