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

AvePoint's CEO, Tianyi Jiang, disposed of 7,654 shares of common stock to cover tax liabilities related to the vesting of restricted stock units.

Summary

• This document is a Form 4 filing, reporting a change in beneficial ownership of AvePoint, Inc. stock by CEO Tianyi Jiang.
• On December 1, 2024, Mr. Jiang disposed of 7,654 shares of common stock at a price of $17.65 per share.
• This disposal was not a discretionary sale but rather a transaction to cover income tax withholding obligations related to the vesting of restricted stock units (RSUs).
• Following this transaction, Mr. Jiang beneficially owns 487,533 shares of AvePoint common stock, including both vested and unvested RSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate any positive or negative sentiment.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders and are not unusual.

Comparison to Industry Standards

• Form 4 filings are a common practice for publicly traded companies, and this transaction is consistent with standard procedures for executive compensation and tax obligations.
• Similar transactions are regularly reported by executives at other technology companies when RSUs vest.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, AvePoint, Tianyi Jiang, stock disposal, restricted stock units, tax obligations, beneficial ownership