Form 4: AvePoint Executive Chairman Sells Shares to Cover Tax Obligations

AvePoint's Executive Chairman, Xunkai Gong, sold 9,949 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Xunkai Gong, Executive Chairman of AvePoint, Inc., sold 9,949 shares of common stock on December 1, 2024.
• The sale was executed at a price of $17.65 per share.
• This transaction was not a discretionary sale but rather a withholding of shares by the company to cover income tax obligations related to the vesting of restricted stock units (RSUs).
• Following the transaction, Gong beneficially owns 551,742 shares of AvePoint common stock, including both vested and unvested RSUs.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any change in the company's performance or outlook.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly listed companies.
• The number of shares sold and the price are within the typical range for such transactions.
• Similar transactions are regularly reported by executives at companies like Microsoft, Salesforce, and Oracle, where equity compensation is a significant part of executive pay.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• The sale does not indicate any change in the company's performance or outlook.

Key Dates

Keywords

AvePoint, Xunkai Gong, stock sale, restricted stock units, tax withholding, executive chairman, Form 4