Form 4: AvePoint Executive Chairman Xunkai Gong Reports Stock Disposal for Tax Obligations

Xunkai Gong, Executive Chairman of AvePoint, Inc., reports disposing of 3,789 shares of common stock to cover tax liabilities related to vested restricted stock units.

Summary

• On September 13, 2024, Xunkai Gong, the Executive Chairman of AvePoint, Inc., disposed of 3,789 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 stock was $11.9.
• Following the transaction, Gong still beneficially owns 557,859 shares of AvePoint's common stock, including vested and unvested RSUs.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of stock disposal for tax purposes, which is neither particularly positive nor negative. It's a neutral event in the context of insider trading regulations.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, and 10% owners) buy or sell the company's securities. This filing indicates a transaction related to tax obligations from vested RSUs, which is a common practice.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a standard procedure for covering tax obligations.

Key Dates