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 6,120 shares of common stock to cover tax liabilities related to the vesting of restricted stock units.
Summary
- On September 13, 2024, James Caci, the CFO of AvePoint, Inc., disposed of 6,120 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 price per share for the transaction was $11.9.
- Following the transaction, Caci beneficially owns 617,481 shares of AvePoint common stock, including both non-RSU common stock and vested/unvested RSUs.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (tax obligation fulfillment) and doesn't inherently indicate positive or negative sentiment. It's a neutral disclosure.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is crucial for maintaining investor confidence.
Comparison to Industry Standards
- Similar transactions are common among executives at publicly traded companies like AvePoint, especially concerning the vesting of stock options or RSUs.
- Companies such as Microsoft, Salesforce, and Adobe also see similar filings from their executives regularly, reflecting the standard practice of covering tax obligations through stock disposals.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations.
- Employees holding RSUs may find the information relevant for their own tax planning.
Key Dates
| Date | Description |
|---|---|
| 09/03/2021 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 03/22/2022 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 03/23/2023 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 03/07/2024 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 09/13/2024 | Date of the transaction where James Caci disposed of shares. |
| 09/16/2024 | Date of signature for the Form 4 filing. |
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