Form 4: AvePoint CFO James Caci Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
James Caci, CFO of AvePoint, Inc., disposed of 2,552 shares of common stock on September 30, 2024, to cover tax liabilities associated with the vesting of restricted stock units.
Summary
- On September 30, 2024, James Caci, the Chief Financial Officer of AvePoint, Inc., disposed of 2,552 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 $11.77 per share.
- Following the transaction, Caci beneficially owns 612,105 shares of AvePoint, Inc.
- This includes both non-RSU common stock and vested/unvested RSUs subject to previously reported vesting schedules.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment regarding the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading activity and are closely monitored by investors for signals about a company's prospects. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: James Caci disposed of shares to cover tax obligations. |
| 10/01/2024 | Date of signature on the Form 4 filing. |
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