Form 4: AvePoint Executive Chairman Reports Routine Tax-Related Stock Disposition
Insider Transaction Report
AvePoint, Inc.'s Executive Chairman, Xunkai Gong, reported a non-discretionary disposition of 4,025 shares of common stock valued at $18.59 per share to cover tax liabilities related to the vesting of securities.
Summary
- Xunkai Gong, Executive Chairman, Director, and 10% Owner of AvePoint, Inc. (AVPT), reported a transaction on June 13, 2025.
- The transaction involved the disposition of 4,025 shares of AvePoint common stock at a price of $18.59 per share.
- This disposition was an exempt transaction (Code F) for the payment of income tax withholding and remittance obligations incident to the net settlement and vesting of securities, not a discretionary sale by Mr. Gong.
- Following this transaction, Mr. Gong beneficially owns 774,227 shares of AvePoint common stock directly.
- The remaining beneficial ownership includes non-RSU common stock as well as aggregate vested and unvested Restricted Stock Units (RSUs) subject to previously reported vesting schedules.
Sentiment
Score: 5
Explanation: The document reports a routine, non-discretionary transaction for tax purposes, which is neutral in sentiment and does not indicate any change in company performance or insider sentiment.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future 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 a routine compliance disclosure for an insider transaction related to compensation and tax obligations, and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not an open market sale indicating a change in insider sentiment.
- Employees: The underlying vesting of equity awards is a standard component of executive compensation, aligning executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 2021-09-03 | Date of a previous Form 4 filing regarding RSU vesting schedules. |
| 2022-03-22 | Date of a previous Form 4 filing regarding RSU vesting schedules. |
| 2023-03-23 | Date of a previous Form 4 filing regarding RSU vesting schedules. |
| 2024-03-07 | Date of a previous Form 4 filing regarding RSU vesting schedules. |
| 2025-03-18 | Date of a previous Form 4 filing regarding RSU vesting schedules. |
| 2025-06-13 | Date of the reported transaction (disposition of shares for tax liability). |
| 2025-06-17 | Date the Form 4 was signed and filed. |
Keywords
SEC Form 4, Insider Transaction, Stock Ownership, Tax Withholding, Restricted Stock Units, RSU, AvePoint, AVPT, Executive Chairman, Corporate Governance
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