Form 4: AvePoint CEO Tianyi Jiang Disposes of Shares to Cover Tax Obligations

AvePoint CEO Tianyi Jiang disposed of 2,914 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• AvePoint's CEO, Tianyi Jiang, disposed of 2,914 shares of common stock on December 13, 2024.
• The shares were sold at a price of $18.37 per share.
• This transaction was not a discretionary sale but rather a withholding of shares by the company to cover income tax obligations related to the vesting of restricted stock units.
• Following the transaction, Jiang beneficially owns 532,378 shares of AvePoint common stock, including vested and unvested RSUs.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It is neither positive nor negative for the company's outlook.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, which is common for publicly traded companies. It does not indicate any change in the company's performance or outlook.

Comparison to Industry Standards

• Similar transactions are common among executives of publicly traded companies, particularly around the vesting of stock options and restricted stock units.
• The practice of withholding shares to cover tax obligations is a standard procedure to simplify tax compliance for employees.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related share disposal.

Key Dates

Keywords

AvePoint, Tianyi Jiang, stock disposal, Form 4, insider trading, tax obligations, restricted stock units, executive compensation