Form 4: AvePoint Chief Legal Officer Reports Routine Stock Disposition for Tax Withholding
Insider Transaction Report
Brian Michael Brown, Chief Legal Officer and Director of AvePoint, Inc., reported a non-discretionary disposition of 2,835 shares of common stock valued at $18.95 per share to cover tax liabilities related to restricted stock unit vesting.
Summary
- Brian Michael Brown, Chief Legal Officer and Director of AvePoint, Inc. (AVPT), filed a Form 4 reporting a change in beneficial ownership.
- On June 5, 2025, Mr. Brown disposed of 2,835 shares of AvePoint Common Stock.
- The disposition was an exempt transaction (Code F) for the payment of tax liability, where shares were withheld by the Issuer to satisfy income tax withholding obligations related to the net settlement of restricted stock units (RSUs).
- The shares were disposed of at a price of $18.95 per share, totaling approximately $53,713.25.
- Following this transaction, Mr. Brown beneficially owns 1,267,000 shares of AvePoint common stock, which includes both non-RSU common stock and aggregate vested and unvested RSUs.
Sentiment
Score: 5
Explanation: The document reports a routine, non-discretionary transaction for tax withholding purposes, which is neutral in sentiment and does not indicate positive or negative operational or financial performance.
Future Outlook
This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future outlook.
Management Comments
- The shares reported as disposed of in this Form 4 represent the number of shares of the Issuer's common stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the securities and does not represent a discretionary transaction by the Reporting Person.
Industry Context
This filing is a routine insider transaction report, common across all publicly traded companies, reflecting compensation-related share movements rather than strategic business developments or broader industry trends.
Related Party Transactions
- The transaction involves the disposition of shares by a corporate officer and director to the Issuer for tax withholding, which is a standard compensation-related interaction between an insider and the company.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and not a sale initiated by the insider for personal reasons. It reflects the vesting of previously granted equity compensation.
- Employees: Reflects standard equity compensation practices for executives.
Key Dates
| Date | Description |
|---|---|
| September 3, 2021 | Date of a previously filed Form 4 related to RSU vesting schedules. |
| March 22, 2022 | Date of a previously filed Form 4 related to RSU vesting schedules. |
| March 23, 2023 | Date of a previously filed Form 4 related to RSU vesting schedules. |
| March 7, 2024 | Date of a previously filed Form 4 related to RSU vesting schedules. |
| March 18, 2025 | Date of a previously filed Form 4 related to RSU vesting schedules. |
| 06/05/2025 | Date of the reported transaction (disposition of shares). |
| 06/09/2025 | Date the Form 4 was signed by the Reporting Person. |
Keywords
AvePoint, AVPT, Form 4, Insider Transaction, Stock Ownership, Restricted Stock Units, RSU, Tax Withholding, Brian Michael Brown, Chief Legal Officer
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