Form 4: AvePoint Executive Chairman Xunkai Gong Disposes of Shares to Cover Tax Obligations

Xunkai Gong, Executive Chairman of AvePoint, Inc., disposed of 6,117 shares of common stock on June 21, 2024, to cover tax liabilities associated with the vesting of restricted stock units.

Summary

• On June 21, 2024, Xunkai Gong, the Executive Chairman of AvePoint, Inc., disposed of 6,117 shares of common stock.
• The transaction was executed at a price of $10.05 per share.
• This disposition was related to the payment of tax liabilities associated with the vesting of restricted stock units (RSUs).
• The shares were withheld by the issuer to satisfy income tax withholding and remittance obligations.
• Following the transaction, Gong's beneficial ownership of AvePoint common stock is 571,597 shares, which includes vested and unvested RSUs.
• The RSUs are part of the company's 2021 Equity Incentive Plan, with each RSU representing the right to receive one share of AvePoint's common stock upon vesting.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects a routine transaction to cover tax obligations, which is a normal part of executive compensation. It doesn't inherently indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates