Form 4: AvePoint CEO Tianyi Jiang Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
AvePoint's CEO, Tianyi Jiang, disposed of 7,654 shares of common stock on June 1, 2024, to cover tax liabilities related to the vesting of restricted stock units.
Summary
- On June 1, 2024, Tianyi Jiang, the CEO of AvePoint, Inc., disposed of 7,654 shares of the company's common stock.
- The transaction was executed to cover income tax withholding and remittance obligations associated with the net settlement of restricted stock units (RSUs).
- The shares were withheld by AvePoint to satisfy these tax obligations, and the transaction is not considered a discretionary sale by Jiang.
- Following the transaction, Jiang beneficially owns 562,583 shares of AvePoint's common stock, including vested and unvested RSUs.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neither particularly positive nor negative.
Industry Context
This type of transaction, where shares are disposed of to cover tax obligations related to equity compensation, is a common practice among executives of publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of the transaction where shares were disposed of to cover tax liabilities. |
| 06/04/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.