Form 4: AvePoint CFO James Caci Sells 40,000 Shares Under 10b5-1 Plan

AvePoint's Chief Financial Officer, James Caci, sold 40,000 shares of common stock on May 20, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• James Caci, the Chief Financial Officer of AvePoint, Inc., sold 40,000 shares of the company's common stock on May 20, 2024.
• The sales were executed in two transactions, each involving 20,000 shares.
• The first transaction was priced at $8.96 per share, and the second at $9.12 per share.
• These transactions were conducted under a pre-arranged Rule 10b5-1(c) trading plan adopted on December 8, 2023.
• Following these transactions, Caci directly owns 665,097 shares of AvePoint common stock, including vested and unvested restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but sales under a 10b5-1 plan are generally viewed as less informative.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates