Form 4: AvePoint CEO Tianyi Jiang Donates Shares to Cornell University

AvePoint's CEO, Tianyi Jiang, made a charitable donation of 44,500 shares of common stock to Cornell University on June 24, 2024.

Summary

• On June 24, 2024, Tianyi Jiang, the CEO of AvePoint, Inc., donated 44,500 shares of AvePoint's common stock to Cornell University.
• This transaction was a charitable gift with no consideration paid by Cornell University.
• The donation is the first of five annual gifts to be made through June 30, 2028, with each installment being no less than $400,000.
• Following the transaction, Jiang still beneficially owns 510,462 shares of AvePoint common stock, including vested and unvested restricted stock units (RSUs).

Sentiment

Score: 7

Explanation: The document reflects a positive action through a charitable donation, which is generally viewed favorably. However, it's a routine transaction and doesn't significantly impact the company's financial outlook.

Positives

• The charitable donation to Cornell University may enhance AvePoint's public image.
• The donation could potentially provide tax benefits to Tianyi Jiang.

Future Outlook

Tianyi Jiang is committed to making annual charitable gifts to Cornell University through June 30, 2028, with each installment being no less than $400,000.

Industry Context

Executives often donate company stock to charitable organizations for philanthropic purposes and potential tax benefits. This is a common practice among high-level executives.

Comparison to Industry Standards

• Executive charitable donations are a common practice, with many executives donating stock to universities and other non-profit organizations.
• For example, Bill Gates has famously donated billions of dollars worth of Microsoft stock to the Bill & Melinda Gates Foundation.
• Similarly, Mark Zuckerberg has pledged to donate the vast majority of his Facebook shares to charitable causes through the Chan Zuckerberg Initiative.

Stakeholder Impact

• Shareholders may view the charitable donation positively as it reflects corporate social responsibility.
• Cornell University benefits from the donation.

Key Dates