Form 4: AvidXchange Director Sells Shares Post-Merger

AvidXchange Holdings Director Asif Ramji disposed of all common stock holdings following the company's merger into a wholly-owned subsidiary of Arrow Borrower 2025, Inc.

Summary

• Asif Ramji, a Director of AvidXchange Holdings, Inc. (AVDX), reported the disposition of 61,213 shares of common stock.
• The transaction occurred on October 15, 2025, in connection with the merger of AvidXchange into Arrow Borrower 2025, Inc.
• 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 automatically substituted and converted into cash awards based on the $10.00 merger consideration.
• Following this transaction, Asif Ramji beneficially owns 0 shares of AvidXchange common stock.

Sentiment

Score: 7

Explanation: The filing reports the completion of a merger where shareholders received a fixed cash consideration of $10.00 per share, providing a clear and definitive outcome for equity holders.

Positives

• Shareholders received a definitive cash consideration of $10.00 per share for their common stock as part of the merger.
• Unvested restricted stock units were converted into cash awards, providing liquidity to award holders.

Negatives

• AvidXchange Holdings, Inc. ceased to be a publicly traded entity, becoming a wholly-owned subsidiary of Arrow Borrower 2025, Inc.

Stakeholder Impact

• Shareholders: Received $10.00 per share in cash for their common stock, ceasing to be shareholders of a publicly traded entity.
• Employees (holding RSUs): Unvested restricted stock units were converted into cash awards based on the merger consideration.

Key Dates

Keywords

AvidXchange, AVDX, Asif Ramji, Form 4, insider transaction, merger, acquisition, common stock, beneficial ownership, director