Form 4: AvePoint Executive Chairman Gong Xunkai Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Gong Xunkai, Executive Chairman of AvePoint, Inc., disposed of 3,788 shares of common stock on March 13, 2025, to cover tax liabilities associated with the vesting of restricted stock units (RSUs).
Summary
- On March 13, 2025, Gong Xunkai, the Executive Chairman of AvePoint, Inc., disposed of 3,788 shares of common stock.
- The transaction was executed to cover income tax withholding and remittance obligations related to the net settlement of securities.
- The shares were withheld by the issuer to satisfy these tax obligations, and the transaction was priced at $13.79 per share.
- Following the transaction, Gong Xunkai beneficially owns 709,675 shares of AvePoint common stock, including vested and unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance or outlook.
Industry Context
Form 4 filings are a routine part of insider trading disclosures, providing transparency into the transactions of company executives and major shareholders. This filing indicates a standard transaction to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a routine disposal of shares for tax purposes and does not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| September 3, 2021 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| March 22, 2022 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| March 23, 2023 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| March 7, 2024 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| March 13, 2025 | Date of the transaction where Gong Xunkai disposed of shares to cover tax liabilities. |
| March 17, 2025 | Date of signature for the Form 4 filing. |
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