Form 4: AvePoint Director Zhijian Lu Reports Tax Withholding Transaction
SEC Form 4 Filing
Director Zhijian Lu of AvePoint, Inc. reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units (RSUs).
Summary
- Zhijian Lu, a director of AvePoint, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates a transaction on September 13, 2024, where 1,205 shares of common stock were disposed of at a price of $11.9.
- This transaction was exempt and related to the withholding of shares to cover income tax obligations associated with the vesting of restricted stock units (RSUs).
- Following the transaction, Lu beneficially owns 181,980 shares of AvePoint, Inc.
- These shares include both vested and unvested RSUs, with the RSUs vesting over time according to a specific schedule.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (tax withholding) and doesn't indicate any significant positive or negative developments for the company. It's a neutral event from an investment perspective.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of transaction involving the withholding of shares for tax obligations. |
| 09/16/2024 | Date of signature for the Form 4 filing. |
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