Form 4: AvePoint CFO James Caci Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Chief Financial Officer of AvePoint, James Caci, disposed of 15,825 shares of common stock to cover tax liabilities related to the vesting of restricted stock units.
Summary
- On March 5, 2024, James Caci, the CFO of AvePoint, Inc., disposed of 15,825 shares of 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 $15.3.
- Following the transaction, Caci beneficially owns 557,209 shares of AvePoint's common stock, including both non-RSU common stock and vested/unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of transaction: James Caci disposed of shares to cover tax obligations. |
| 03/07/2025 | Date of signature on the Form 4 filing. |
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