Sec Form 4 Filing - Wilhite Joel @ AvidXchange Holdings, Inc. - 2022-03-16

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Wilhite Joel 2. Issuer Name and Ticker or Trading Symbol AvidXchange Holdings, Inc. [ AVDX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) See Remarks (Last) (First) (Middle) C/O AVIDXCHANGE HOLDINGS, INC., 1210 AVIDXCHANGE LANE 3. Date of Earliest Transaction (MM/DD/YY) 03/16/2022 (Street) CHARLOTTE, NC28206 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Employee Stock Option (right to buy) $ 8.04 03/16/2022 A 291,262 ( 1 ) 03/16/2032 Common Stock 291,262 $ 0 291,262 D Employee Stock Option (right to buy) $ 3.18 12/29/2019 03/29/2027 Common Stock 67,536 67,536 D Employee Stock Option (right to buy) $ 3.18 03/29/2020 03/29/2027 Common Stock 107,948 107,948 D Employee Stock Option (right to buy) $ 3.22 ( 2 ) 03/05/2028 Common Stock 92,524 92,524 D Employee Stock Option (right to buy) $ 3.79 ( 3 ) 03/20/2029 Common Stock 38,600 38,600 D Employee Stock Option (right to buy) $ 10.42 ( 4 ) 10/01/2030 Common Stock 107,180 107,180 D Employee Stock Option (right to buy) $ 12.11 ( 5 ) 02/19/2031 Common Stock 288,460 288,460 D Restricted Stock Units ( 6 ) 03/16/2022 A 261,194 ( 7 ) ( 7 ) Common Stock 261,194 $ 0 261,194 D Restricted Stock Units ( 6 ) ( 8 ) ( 8 ) Common Stock 20,404 20,404 D Restricted Stock Units ( 6 ) ( 9 ) ( 9 ) Common Stock 91,816 91,816 D Restricted Stock Units ( 6 ) ( 10 ) ( 10 ) Common Stock 40 40 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Wilhite Joel C/O AVIDXCHANGE HOLDINGS, INC. 1210 AVIDXCHANGE LANE CHARLOTTE, NC28206 See Remarks Signatures /s/ Ryan Stahl, Attorney-in-Fact for Joel Wilhite 03/28/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2022. ( 2 )The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 5, 2018. ( 3 )The option vests 25% on the first anniversary of the grant date and monthly thereafter over 36 months. The grant date was March 20, 2019. ( 4 )The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2020. ( 5 )The option vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2021. ( 6 )Upon vesting, restricted stock units convert into common stock on a one-for-one-basis. ( 7 )The restricted stock unit vests 25% on the first anniversary of the vesting commencement date and quarterly thereafter over 12 quarters. The vesting commencement date was February 15, 2022. ( 8 )On October 1, 2020, the reporting person was granted 40,804 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2020. ( 9 )On Feb ruary 19, 2021, the reporting person was granted 122,420 restricted stock units, vesting 25% on the first anniversary of the vesting commencement date and quarterly thereafter. The vesting commencement date was February 15, 2021. ( 10 )The restricted stock units will vest on November 15, 2022.

Remarks: Chief Financial Officer, Senior Vice President

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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