Form 4: AvePoint Executive Chairman Xunkai Gong Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Xunkai Gong, Executive Chairman of AvePoint, Inc., disposed of 9,949 shares of common stock to cover tax liabilities related to the vesting of restricted stock units.
Summary
- On September 1, 2024, Xunkai Gong, the Executive Chairman of AvePoint, Inc., disposed of 9,949 shares of common stock.
- The transaction was executed to cover income tax withholding and remittance obligations associated with the net settlement of restricted stock units (RSUs).
- The shares were withheld by the issuer to satisfy these tax obligations, and the transaction is considered exempt under Rule 16b-3.
- Following the transaction, Gong beneficially owns 561,648 shares of AvePoint, Inc.
- This includes both non-RSU common stock and vested/unvested RSUs subject to previously reported vesting schedules.
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 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily indicate a change in the company's outlook or performance.
Key Dates
| Date | Description |
|---|---|
| 09/03/2021 | Date of Form 4 filing with the Securities and Exchange Commission related to RSU vesting schedules. |
| 03/22/2022 | Date of Form 4 filing with the Securities and Exchange Commission related to RSU vesting schedules. |
| 03/23/2023 | Date of Form 4 filing with the Securities and Exchange Commission related to RSU vesting schedules. |
| 03/07/2024 | Date of Form 4 filing with the Securities and Exchange Commission related to RSU vesting schedules. |
| 09/01/2024 | Date of transaction: Disposal of 9,949 shares for tax obligations. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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