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

AvePoint's Chief Financial Officer, James Caci, disposed of 2,824 shares of common stock to cover tax liabilities related to the vesting of restricted stock units.

Summary

• On September 21, 2024, James Caci, the Chief Financial Officer of AvePoint, Inc., disposed of 2,824 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 $11.94 per share.
• Following the transaction, Caci beneficially owns 614,657 shares of AvePoint 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 related to tax obligations and doesn't indicate a change in the executive's confidence in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to equity compensation.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies like Microsoft, Salesforce, and ServiceNow, where equity compensation forms a significant part of their overall remuneration.
• These companies also regularly report Form 4 filings related to stock options, restricted stock units, and other equity-based awards.
• The scale of the transaction (2,824 shares) is relatively small compared to the overall holdings of the CFO (614,657 shares), suggesting it's a routine tax-related sale rather than a significant change in investment strategy.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it's a small percentage of the CFO's overall holdings and doesn't reflect a change in the company's fundamentals.

Key Dates