Form 4: AvePoint Executive Chairman Xunkai Gong Disposes of Shares to Cover 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 June 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 obligations related to the net settlement of restricted stock units (RSUs).
- The price per share for the disposed shares was $9.02.
- Following the transaction, Gong still beneficially owns 581,503 shares of AvePoint's common stock, including vested and unvested RSUs.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It doesn't indicate any significant positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of transaction: Disposal of 9,949 shares of common stock. |
| 06/04/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.