Form 4: AvePoint CFO James Caci Reports Changes in Beneficial Ownership
SEC Form 4 Filing
James Caci, CFO of AvePoint, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units (RSUs).
Summary
- On March 13, 2024, AvePoint's CFO, James Caci, reported a transaction on Form 4.
- The transaction involved the withholding of 24,478 shares of common stock at a price of $7.85 to cover income tax withholding obligations related to the net settlement of RSUs.
- Following the transaction, Caci beneficially owns 720,473 shares of AvePoint common stock, including both non-RSU common stock and vested/unvested RSUs.
- The reported transaction was an exempt transaction under Rule 16b-3, not a discretionary transaction by the reporting person.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates the CFO's transactions related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations from vested RSUs.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of transaction (withholding of shares for tax obligations). |
| 03/14/2024 | Date of signature on the Form 4 filing. |
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