Form 4: AvePoint CFO James Caci Acquires Shares Following Milestone Achievements

AvePoint's Chief Financial Officer, James Caci, acquired shares of common stock following the achievement of two stock price milestones, while also having shares withheld for tax obligations.

Summary

• James Caci, the Chief Financial Officer of AvePoint, Inc., acquired 1,452 shares of common stock at $18.22 per share and 1,451 shares at $18.53 per share on December 10, 2024.
• These acquisitions were triggered by AvePoint's stock price reaching certain milestones as defined in the business combination agreement.
• The first milestone was achieved when the stock price was greater than or equal to $12.50 over any 20 trading days within any 30 day trading day period, with the price determined on December 3, 2024.
• The second milestone was achieved when the stock price was greater than or equal to $15.00 over any 20 trading days within any 30 day trading day period, with the price determined on December 9, 2024.
• Additionally, 1,143 shares were withheld at $18.53 per share to cover tax obligations related to the vesting of securities, which is not a discretionary transaction by Mr. Caci.
• Following these transactions, Mr. Caci beneficially owns 593,650 shares of AvePoint common stock.

Sentiment

Score: 7

Explanation: The document indicates positive performance with the achievement of stock price milestones, leading to share acquisitions by the CFO. However, the withholding of shares for tax obligations slightly tempers the overall positive sentiment.

Positives

• The achievement of stock price milestones indicates positive performance for AvePoint.
• The acquisition of shares by the CFO suggests confidence in the company's future prospects.

Negatives

• The withholding of shares for tax obligations, while standard, reduces the total number of shares directly held by the CFO.

Risks

• The stock price milestones are tied to specific trading periods, which could introduce volatility.
• Future stock price performance may not trigger additional milestone-based share issuances.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in the technology sector. The milestone-based share issuance is a mechanism to incentivize management and align their interests with shareholders.

Comparison to Industry Standards

• Milestone-based equity awards are a common practice in the tech industry, particularly for companies that have recently gone public or undergone a merger.
• Companies like Snowflake and Datadog have similar structures in place to incentivize management based on stock performance.
• The specific milestones of $12.50 and $15.00 are specific to AvePoint's agreement and are not directly comparable to other companies, but the concept is widely used.

Stakeholder Impact

• Shareholders may view the achievement of stock price milestones positively.
• Employees may be motivated by the company's performance and the resulting share issuances.

Key Dates

Keywords

AvePoint, James Caci, stock acquisition, milestone, CFO, share withholding, tax obligations, beneficial ownership