Form 4: AvePoint Executive Chairman Xunkai Gong Reports Stock Disposal 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 vested restricted stock units.
Summary
- On March 1, 2025, 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 related to the net settlement of restricted stock units (RSUs).
- The price per share for the disposal was $14.94.
- Following the transaction, Gong still beneficially owns 713,463 shares of AvePoint's common stock, including vested and unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard transaction for tax purposes and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and major shareholders. This filing indicates a standard transaction to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the executive's long-term commitment to the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction: Disposal of 9,949 shares of common stock. |
| 03/04/2025 | Date of report: Form 4 filing date. |
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