Form 4: AvePoint Chief Legal Officer Brian Michael Brown Reports Stock Transaction
SEC Form 4
Brian Michael Brown, Chief Legal Officer of AvePoint, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On September 21, 2024, Brian Michael Brown, the Chief Legal Officer of AvePoint, Inc., reported a transaction on Form 4.
- The transaction involved the withholding of 1,547 shares of common stock at a price of $11.94 to cover tax liabilities associated with the vesting of restricted stock units (RSUs).
- Following the transaction, Brown directly owns 1,263,506 shares of AvePoint, Inc.
- These holdings include both non-RSU common stock and vested/unvested RSUs subject to previously reported vesting schedules.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a routine transaction related to tax obligations, and there's no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates the standard practice of withholding shares to cover tax obligations upon the vesting of equity-based compensation.
Comparison to Industry Standards
- Similar transactions are common among publicly traded companies, such as Microsoft, Salesforce, and Oracle, where executives often receive stock options and RSUs as part of their compensation packages.
- These companies also regularly report Form 4 filings related to the exercise of options and the vesting of RSUs, including the withholding of shares for tax purposes.
- The scale of the transaction (1,547 shares) is relatively small compared to the overall holdings of the reporting person (1,263,506 shares), which is typical for tax withholding events.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it involves a small number of shares withheld for tax purposes and does not represent a discretionary sale by the reporting person.
Key Dates
| Date | Description |
|---|---|
| 09/03/2021 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 03/22/2022 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 03/23/2023 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 03/07/2024 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 09/21/2024 | Date of the reported transaction: withholding of shares for tax obligations. |
| 09/23/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.