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

AvePoint's Chief Legal Officer, Brian Michael Brown, reported a transaction involving the withholding of 7,310 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• Brian Michael Brown, Chief Legal Officer of AvePoint, Inc., filed a Form 4 disclosing a transaction on December 1, 2024.
• The transaction involved the withholding of 7,310 shares of AvePoint common stock to cover tax liabilities associated with the vesting of restricted stock units (RSUs).
• This was not a discretionary sale by Mr. Brown but rather an automatic withholding by the company to satisfy tax obligations.
• Following the transaction, Mr. Brown beneficially owns 1,256,196 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 related to insider transactions and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the standard practice of withholding shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• The transaction is consistent with standard practices for publicly traded companies regarding the vesting of restricted stock units and the associated tax obligations.
• Similar transactions are regularly reported by executives and directors of other companies, such as Microsoft, Salesforce, and Adobe, when their equity awards vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding related to executive compensation.

Key Dates

Keywords

Form 4, AvePoint, Brian Michael Brown, stock transaction, restricted stock units, RSU, tax withholding, beneficial ownership, insider trading