Form 4: AvePoint Director Sells Shares for SGX Listing Liquidity

AvePoint Director John Chi On Ho sold 650,000 shares at $15.21 each to facilitate initial liquidity for the company's secondary listing on the Singapore Exchange.

Summary

• John Chi On Ho, a Director and 10% Owner of AvePoint, Inc. (AVPT), reported the sale of 650,000 shares of common stock.
• The transaction occurred on September 18, 2025, with shares sold at a price of $15.21 per share.
• The sale was specifically executed to facilitate initial liquidity in connection with AvePoint's secondary listing on the Singapore Exchange Securities Trading Limited (SGX).
• No shares were sold on NASDAQ in connection with this particular transaction.
• Following the reported transaction, Mr. Ho indirectly beneficially owns 3,732,679 shares held by Balmoral Blue Limited, where he serves as a shareholder and director.

Sentiment

Score: 6

Explanation: The secondary listing on SGX is a strategic positive for market expansion and liquidity. However, a director's sale of a significant block of shares, even with an explanation, can introduce a degree of market uncertainty or perceived lack of confidence, though the stated purpose of facilitating SGX liquidity mitigates this.

Positives

• The secondary listing on the Singapore Exchange (SGX) is a strategic move that could broaden AvePoint's investor base and potentially increase liquidity for its shares in the Asian market.

Negatives

• A director selling a significant block of shares (650,000) could be perceived negatively by some investors, despite the stated reason of facilitating liquidity for a secondary listing.

Risks

• There is a potential for negative market perception or misinterpretation of the director's share sale, even with the explanation provided regarding the SGX listing.

Future Outlook

AvePoint's secondary listing on the Singapore Exchange is intended to establish initial liquidity for its shares in that market, suggesting a strategic focus on expanding its presence and investor base in Asia.

Management Comments

• "The reported sale of shares was made pursuant to the Company's secondary listing on the Singapore Exchange Securities Trading Limited ('SGX') on September 18, 2025."
• "The sale was executed to facilitate initial liquidity in connection with the SGX listing."
• "The reporting person undertook the transaction in accordance with Rule 144 and applicable insider trading policies."
• "No shares were sold on NASDAQ in connection with this transaction."

Industry Context

Secondary listings on international exchanges like the SGX are a common strategy for companies to expand their global investor reach, enhance liquidity, and potentially access new capital pools beyond their primary listing market. This move by AvePoint suggests a strategic effort to tap into the Asian market's investment community and broaden its shareholder base.

Related Party Transactions

• John Chi On Ho's indirect beneficial ownership of 3,732,679 shares through Balmoral Blue Limited, where he is a shareholder and director. He disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders may benefit from increased liquidity and a broader investor base for AvePoint shares due to the secondary listing on the SGX.

Next Steps

• Continued trading of AvePoint shares on the Singapore Exchange, with the aim of establishing and maintaining liquidity in that market.

Key Dates

Keywords

AvePoint, AVPT, Form 4, insider transaction, share sale, director, SGX, Singapore Exchange, secondary listing, beneficial ownership