Form 4: AvePoint Chief Legal Officer Reports Routine Tax-Related Stock Disposition
Insider Transaction Report
Brian Michael Brown, Chief Legal Officer and Director of AvePoint, Inc., reported the disposition of 1,547 shares of common stock at $17.96 per share, a transaction related solely to tax withholding obligations.
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 20, 2025, Mr. Brown disposed of 1,547 shares of AvePoint common stock.
- The transaction was an exempt disposition (Code 'F') at a price of $17.96 per share.
- This disposition was not a discretionary sale but represented shares withheld by AvePoint to satisfy income tax withholding and remittance obligations incident to the net settlement of securities.
- Following this transaction, Mr. Brown beneficially owns 1,260,443 shares of AvePoint common stock, which includes non-RSU common stock as well as aggregate vested and unvested Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine, non-discretionary disposition of shares for tax withholding purposes, which is a common practice for equity compensation.
Positives
- The disposition of shares was non-discretionary, solely for the purpose of satisfying tax withholding obligations, indicating no voluntary sale by the insider.
- Brian Michael Brown retains a substantial beneficial ownership of 1,260,443 shares of AvePoint common stock, demonstrating continued alignment with shareholder interests.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or 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 specific insider transaction is a routine compliance filing and does not provide broader insights into industry trends or competitive dynamics. It reflects standard compensation practices involving equity awards and associated tax obligations.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and the insider retains a significant stake, indicating continued alignment.
- Employees: Reflects standard equity compensation practices, which can be a positive for employee retention and motivation.
Key Dates
| Date | Description |
|---|---|
| 2021-09-03 | Date of a previously filed Form 4 related to RSU vesting schedules. |
| 2022-03-22 | Date of a previously filed Form 4 related to RSU vesting schedules. |
| 2023-03-23 | Date of a previously filed Form 4 related to RSU vesting schedules. |
| 2024-03-07 | Date of a previously filed Form 4 related to RSU vesting schedules. |
| 2025-03-18 | Date of a previously filed Form 4 related to RSU vesting schedules. |
| 2025-06-20 | Date of the reported transaction (disposition of shares). |
| 2025-06-23 | Date the Form 4 was signed by the reporting person. |
Keywords
AvePoint, AVPT, Form 4, Insider Transaction, Beneficial Ownership, Brian Michael Brown, Chief Legal Officer, Director, Tax Withholding, Common Stock, SEC Filing
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