Form 4: AvePoint Executive Brian Michael Brown Reports Stock Transaction
SEC Form 4 Filing
Brian Michael Brown, Chief Legal Officer of AvePoint, Inc., reports the withholding of 7,310 shares for tax obligations related to RSU vesting on September 1, 2024.
Summary
- On September 1, 2024, Brian Michael Brown, the Chief Legal Officer of AvePoint, Inc., had 7,310 shares of common stock withheld by the issuer to cover income tax obligations related to the vesting of restricted stock units (RSUs).
- The transaction was executed at a price of $11.55 per share.
- Following the transaction, Brown beneficially owns 1,270,063 shares of AvePoint common stock, including both non-RSU common stock and vested/unvested RSUs.
- The RSUs were granted under AvePoint's 2021 Equity Incentive Plan, with each RSU representing the right to receive one share of common stock upon vesting.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/03/2021 | Date of Form 4 filing with the Securities and Exchange Commission. |
| 03/22/2022 | Date of Form 4 filing with the Securities and Exchange Commission. |
| 03/23/2023 | Date of Form 4 filing with the Securities and Exchange Commission. |
| 03/07/2024 | Date of Form 4 filing with the Securities and Exchange Commission. |
| 09/01/2024 | Date of the stock transaction (withholding of shares for tax obligations). |
| 09/04/2024 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.