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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Drees Daniel
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/YYYY)

11/15/2022
(Street)

CHARLOTTE, NC 28206
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock 11/15/2022  M  1784 A (1)125143 D  
Common Stock 11/15/2022  M  5100 A (1)130243 D  
Common Stock 11/15/2022  M  40 A (1)130283 D  
Common Stock 11/15/2022  S  560 D$9.33 (2)129723 D  
Common Stock 11/15/2022  S  1600 D$9.33 (2)128123 D  
Common Stock 11/15/2022  S  14 D$9.33 (2)128109 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (1)11/15/2022  M     1784   (3) (3)Common Stock 1784 $0.00 8928 D  
Restricted Stock Units  (1)11/15/2022  M     5100   (4) (4)Common Stock 5100 $0.00 45908 D  
Restricted Stock Units  (1)11/15/2022  M     40   (5) (5)Common Stock 40 $0.00 0 D  

Explanation of Responses:
(1) Upon vesting, restricted stock units convert into common stock on a one-for-one-basis.
(2) This transaction was executed in multiple trades at prices ranging from $9.15 to $9.52. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
(3) On October 1, 2020, the reporting person was granted 28,564 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.
(4) On February 19, 2021, the reporting person was granted 81,612 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.
(5) On November 15, 2022, the restricted stock units fully vested.

Remarks:
Chief Growth Officer, Senior Vice President

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Drees Daniel
C/O AVIDXCHANGE HOLDINGS, INC.
1210 AVIDXCHANGE LANE
CHARLOTTE, NC 28206


See Remarks

Signatures
/s/ Ryan Stahl, Attorney-in-Fact for Daniel Drees11/17/2022
**Signature of Reporting PersonDate


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).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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