Form 4: AvePoint Executive Chairman Xunkai Gong Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Xunkai Gong, Executive Chairman of AvePoint, Inc., disposed of 6,117 shares to cover tax liabilities related to vested securities.
Summary
- On March 21, 2025, Xunkai Gong, the Executive Chairman of AvePoint, Inc., disposed of 6,117 shares of common stock at a price of $15.05.
- This transaction was an exempt transaction related to the payment of tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security issued in accordance with Rule 16b-3.
- The shares were withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of the securities.
- Following the transaction, Gong beneficially owns 788,824 shares, including non-RSU common stock and vested/unvested RSUs.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes and doesn't indicate a significant change in the executive's position or the company's outlook.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Similar transactions are common among executives of publicly traded companies to cover tax obligations related to stock-based compensation.
- The disposal of shares to cover tax liabilities is a routine financial activity and doesn't necessarily indicate a change in the executive's confidence in the company's future prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 09/03/2021 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 03/22/2022 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 03/23/2023 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 03/07/2024 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 03/18/2025 | Date of previously reported Form 4 filing with the Securities and Exchange Commission. |
| 03/21/2025 | Date of transaction: Disposal of shares for tax obligations. |
| 03/25/2025 | Date of Form 4 signature. |
Keywords
AvePoint, Xunkai Gong, Form 4, share disposal, tax liability, Rule 16b-3, RSUs, beneficial ownership
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.