Form 4: AvidXchange Holdings Executive Ryan Stahl Reports Stock Transactions
SEC Form 4
Ryan Stahl, General Counsel and Secretary of AvidXchange Holdings, reports the sale and acquisition of company stock and stock options.
Summary
- On October 16, 2024, Ryan Stahl sold 7,427 shares of AvidXchange Holdings common stock at a weighted average price of $8.5825.
- On October 17, 2024, Stahl exercised employee stock options to acquire 2,172 shares at $3.22, 5,632 shares at $3.22 and 12,200 shares at $3.79.
- Following these transactions, Stahl directly owns 389,607 shares of AvidXchange Holdings common stock and 18,640 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| December 6, 2017 | Grant date for employee stock option, vesting 25% on the first anniversary and monthly thereafter over 36 months. |
| March 5, 2018 | Grant date for employee stock option, vesting 25% on the first anniversary and monthly thereafter over 36 months. |
| March 20, 2019 | Grant date for employee stock option, vesting 25% on the first anniversary and monthly thereafter over 36 months. |
| June 14, 2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan. |
| 10/16/2024 | Date of common stock sale. |
| 10/17/2024 | Date of employee stock option exercises. |
| 10/18/2024 | Date of Form 4 filing. |
| 12/05/2027 | Expiration date for employee stock option. |
| 03/05/2028 | Expiration date for employee stock option. |
| 03/20/2029 | Expiration date for employee stock option. |
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