Form 4: AvePoint Director Zhijian Lu Sells Shares Under 10b5-1 Trading Plan

Director Zhijian Lu of AvePoint, Inc. executed multiple sales of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Zhijian Lu, a director at AvePoint, Inc., sold shares of common stock on October 17, 18, and 21, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on May 19, 2024.
• On October 17, 2024, 10,000 shares were sold at a price of $12.1 per share.
• On October 18, 2024, 10,000 shares were sold at a price of $12.24 per share.
• On October 21, 2024, 10,000 shares were sold at a price of $12.1 per share.
• Following these transactions, Zhijian Lu indirectly beneficially owns 18,320,673 shares through various trusts and LLCs.
• Lu disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged trading plan, which is a common practice.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned through 10b5-1 trading plans to avoid accusations of insider trading. The market typically views these sales in the context of the overall holdings of the insider and the reasons behind the selling plan.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates