Form 4: AvePoint CFO James Caci Disposes of Shares for Tax Obligations

James Caci, CFO of AvePoint, Inc., disposed of 6,120 shares of common stock on June 13, 2024, to cover tax liabilities associated with the vesting of restricted stock units.

Summary

• On June 13, 2024, James Caci, the Chief Financial Officer of AvePoint, Inc., disposed of 6,120 shares of the company's common stock.
• The transaction was executed to cover income tax withholding and remittance obligations related to the net settlement of restricted stock units (RSUs).
• The shares were disposed of at a price of $9.03 per share.
• Following the transaction, Caci beneficially owns 658,977 shares of AvePoint, Inc.
• These holdings include both non-RSU common stock and vested/unvested RSUs subject to previously reported vesting schedules.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate a significant change in the executive's confidence in the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment with company performance.

Comparison to Industry Standards

• Similar transactions are common among executives who receive equity compensation, as they often need to sell shares to cover tax obligations upon vesting.
• The amount of shares sold is relatively small compared to the total holdings, suggesting it's a routine tax-related transaction rather than a significant change in investment strategy.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.
• Employees holding RSUs may experience similar tax-related transactions upon vesting.

Key Dates