Form 4: AvePoint CEO Tianyi Jiang Reports Tax-Related Stock Disposal
SEC Form 4 Filing
AvePoint's CEO, Tianyi Jiang, disposed of 4,706 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On September 21, 2024, Tianyi Jiang, the CEO of AvePoint, Inc., disposed of 4,706 shares of 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 price per share for the transaction was $11.94.
- Following the transaction, Jiang directly owns 495,187 shares of AvePoint common stock, including vested and unvested RSUs.
Sentiment
Score: 6
Explanation: The document is a routine disclosure of stock transactions by an insider to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2021 | Date of previous Form 4 filing with the SEC regarding vesting schedules. |
| 03/22/2022 | Date of previous Form 4 filing with the SEC regarding vesting schedules. |
| 03/23/2023 | Date of previous Form 4 filing with the SEC regarding vesting schedules. |
| 03/07/2024 | Date of previous Form 4 filing with the SEC regarding vesting schedules. |
| 09/21/2024 | Date of the stock disposal transaction. |
| 09/23/2024 | Date of signature on the Form 4 filing. |
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