Form 4: AvePoint Executive Chairman Gong Xunkai Reports Tax Liability Share Withholding
SEC Form 4 Filing
Executive Chairman of AvePoint, Gong Xunkai, reports the withholding of 9,949 common stock shares to cover income tax obligations related to the vesting of restricted stock units (RSUs).
Summary
- On March 1, 2024, AvePoint's Executive Chairman, Gong Xunkai, had 9,949 shares of common stock withheld by the company to cover income tax obligations.
- This transaction is related to the vesting of restricted stock units (RSUs) granted under the company's 2021 Equity Incentive Plan.
- The price per share for the withholding was $8.01.
- Following the transaction, Gong Xunkai beneficially owns 478,673 shares of AvePoint common stock, including vested and unvested RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to tax obligations, and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding process related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: withholding of shares for tax obligations. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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