Form 4: AvePoint Executive Chairman Xunkai Gong Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Xunkai Gong, Executive Chairman of AvePoint, Inc., disposed of 15,152 shares of common stock on March 13, 2024, to cover tax obligations related to vested restricted stock units.
Summary
- On March 13, 2024, Xunkai Gong, the Executive Chairman of AvePoint, Inc., disposed of 15,152 shares of the company's common stock.
- The transaction was executed to cover income tax withholding and remittance obligations associated with the net settlement of restricted stock units (RSUs).
- The shares were disposed of at a price of $7.85 per share.
- Following the transaction, Gong still beneficially owns 597,599 shares of AvePoint's common stock, including vested and unvested RSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock disposal for tax obligations. |
| 03/14/2024 | 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.