Form 4: AvePoint CFO James Caci Reports Acquisition and Disposal of Common Stock and Restricted Stock Units

Chief Financial Officer James Caci reports changes in beneficial ownership of AvePoint, Inc. common stock and restricted stock units (RSUs) through acquisition and disposal transactions.

Summary

• James Caci, CFO of AvePoint, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 5, 2024, Caci acquired 160,857 shares of common stock and 53,618 performance-based RSUs.
• The performance-based RSUs are based on FY25 GAAP Profitability and Non-GAAP Rule of 40 metrics, with payouts potentially ranging from 50% to 150% of the granted value.
• Caci disposed of 160,857 shares of common stock.
• Following these transactions, Caci beneficially owns 744,951 shares of common stock, including vested and unvested RSUs.
• The RSUs vest according to a schedule, with 25% vesting on March 5, 2025, and the remainder in equal quarterly installments thereafter.
• The performance-based RSUs will vest 50% on March 5, 2026, and then 25% annually after, using FY25 as the performance period.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider; it doesn't inherently convey positive or negative sentiment.

Future Outlook

The vesting schedule of the RSUs extends into the future, contingent on continued service with the Issuer.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• Shareholders are informed about the transactions of a key executive, providing insight into management's perspective on the company's value.

Key Dates