Form 4: AvePoint Chief Legal Officer Brian Michael Brown Reports Stock Transaction

AvePoint's Chief Legal Officer, Brian Michael Brown, disposed of 5,010 shares of common stock to cover tax obligations related to vesting securities.

Summary

• Brian Michael Brown, Chief Legal Officer of AvePoint, Inc., reported a transaction involving the company's common stock.
• On December 13, 2024, 5,010 shares were disposed of at a price of $18.37 per share.
• This transaction was not a discretionary sale but rather a withholding of shares by the company to cover income tax obligations related to the vesting of securities.
• Following the transaction, Brown beneficially owns 1,277,211 shares of AvePoint common stock, including both non-RSU common stock and vested and unvested RSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction for tax purposes, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any specific trend or event in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider reporting requirements.
• Similar transactions are regularly reported by executives and directors of other publicly listed companies, such as Microsoft, Salesforce, and Oracle, when they exercise stock options or have shares withheld for tax purposes.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event.

Key Dates

Keywords

AvePoint, stock transaction, Form 4, insider trading, Brian Michael Brown, Chief Legal Officer, tax withholding, common stock, RSU