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

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 March 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 $8.03 to cover tax liabilities associated with the vesting of restricted stock units (RSUs).
• Following the transaction, Brown directly owns 1,391,240 shares of AvePoint, Inc.
• These holdings include both non-RSU common stock and vested/unvested RSUs subject to previously reported vesting schedules.

Sentiment

Score: 5

Explanation: This is a neutral reporting of a standard transaction related to executive compensation and tax obligations; it doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, as mandated by the SEC.
• The transaction is typical for executives receiving equity compensation, where shares are often withheld to cover tax obligations.

Stakeholder Impact

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

Key Dates