Form 4: AvePoint Executive Brian Michael Brown Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Brian Michael Brown, Chief Legal Officer of AvePoint, Inc., reports disposing of 1,547 shares of common stock to cover tax liabilities related to vested restricted stock units.
Summary
- On June 21, 2024, Brian Michael Brown, Chief Legal Officer of AvePoint, Inc., disposed of 1,547 shares of common stock at a price of $10.05.
- The transaction was exempt and related to the payment of tax liability by withholding securities incident to the vesting of restricted stock units (RSUs).
- Following the transaction, Brown beneficially owns 1,317,373 shares of AvePoint, Inc.
- These shares include both non-RSU common stock and vested/unvested RSUs subject to previously reported vesting schedules.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of transaction: disposal of shares for tax obligations. |
| 06/25/2024 | Date of signature for the Form 4 filing. |
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