Form 4: AvePoint Executive Chairman Reports Routine Tax-Related Stock Disposition

AvePoint's Executive Chairman, Xunkai Gong, reported the disposition of 10,572 shares of common stock, valued at $18.65 per share, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• Xunkai Gong, Executive Chairman, Director, and 10% Owner of AvePoint, Inc. (AVPT), filed a Form 4 reporting a change in beneficial ownership.
• On June 1, 2025, Mr. Gong disposed of 10,572 shares of AvePoint common stock at a price of $18.65 per share.
• This transaction was an exempt disposition (Code 'F') related to the payment of tax liability by withholding securities incident to the vesting of restricted stock units (RSUs) granted under the Issuer's 2021 Equity Incentive Plan.
• The disposition was not a discretionary transaction by Mr. Gong but rather shares withheld by AvePoint to satisfy its income tax withholding and remittance obligations.
• Following this transaction, Mr. Gong beneficially owns 778,252 shares of AvePoint common stock, which includes both vested and unvested RSUs subject to previously reported vesting schedules.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While shares were disposed of, it was a non-discretionary transaction for tax withholding upon RSU vesting, which is a routine event and indicates the vesting conditions for the RSUs were met.

Positives

• The transaction is a non-discretionary sale, indicating it was for tax withholding purposes upon RSU vesting rather than a voluntary sale by the insider.
• The vesting of RSUs implies that performance or time-based conditions have been met, which can be a positive sign for employee retention and alignment with company goals.

Negatives

• No direct negatives are indicated as this is a routine, non-discretionary transaction for tax purposes.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The shares reported as disposed of in this Form 4 represent the number of shares of the Issuer's common stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the securities and does not represent a discretionary transaction by the Reporting Person.

Industry Context

This Form 4 filing is specific to an insider transaction at AvePoint and does not provide broader industry trends or context. Insider transactions are a routine part of corporate governance and executive compensation in all industries.

Stakeholder Impact

• Shareholders: The disposition is a routine tax-related event and does not signal a change in the insider's confidence or a discretionary sale. It represents a minor, expected adjustment to beneficial ownership.

Key Dates

Keywords

AvePoint, AVPT, Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU, Tax Withholding, Executive Chairman, Gong Xunkai