Form 4: AvePoint Executive Zhijian Lu Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Zhijian Lu, an executive at AvePoint, Inc., disposed of 586 shares of common stock to cover tax liabilities related to the vesting of restricted stock units.
Summary
- On September 1, 2024, Zhijian Lu, a director of AvePoint, Inc., disposed of 586 shares of common stock at a price of $11.55.
- The transaction was related to the payment of tax liability by withholding securities incident to the vesting of restricted stock units (RSUs).
- Following the transaction, Lu beneficially owns 183,185 shares of AvePoint common stock, which includes vested and unvested RSUs.
- The RSUs vest according to a schedule of 25% after 1 year, with the remaining vesting in 12 equal quarterly installments.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like directors and officers, trade their company's stock. This filing indicates a transaction related to tax obligations from vested equity.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of stock disposal transaction |
| 09/04/2024 | Date of Form 4 filing |
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