Form 4: AvePoint Executive Chairman Xunkai Gong Reports Tax Withholding Transaction
SEC Form 4 Filing
Xunkai Gong, Executive Chairman of AvePoint, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On June 13, 2024, Xunkai Gong, the Executive Chairman of AvePoint, Inc., had 3,789 shares of common stock withheld by the issuer to cover income tax obligations.
- This transaction was related to the net settlement of securities, specifically restricted stock units (RSUs) granted under the company's 2021 Equity Incentive Plan.
- The price per share for the transaction was $9.03.
- Following the transaction, Gong beneficially owns 577,714 shares of AvePoint common stock, including vested and unvested RSUs.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to tax obligations, which is neutral in sentiment. The insider maintains a significant ownership stake.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of transaction: Shares withheld for tax obligations. |
| 06/14/2024 | Date of report filing. |
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