Form 4: AvePoint's Chief Legal Officer, Brian Michael Brown, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brian Michael Brown, Chief Legal Officer of AvePoint, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested RSUs.
Summary
- On March 13, 2025, AvePoint's Chief Legal Officer, Brian Michael Brown, reported a transaction on Form 4.
- The transaction involved the withholding of 5,010 shares of common stock at a price of $13.79 to cover tax liabilities associated with the vesting of restricted stock units (RSUs).
- Following the transaction, Brown directly owns 1,295,016 shares of AvePoint common stock, which includes both non-RSU common stock and vested/unvested RSUs.
- The withholding of shares was an exempt transaction under Rule 16b-3, meaning it was used to cover the exercise price or tax liability related to a security issued in accordance with the rule.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a standard process of withholding shares to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders, as it is a routine process of withholding shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| September 3, 2021 | Date of previously reported Form 4 filing regarding vesting schedules. |
| March 22, 2022 | Date of previously reported Form 4 filing regarding vesting schedules. |
| March 23, 2023 | Date of previously reported Form 4 filing regarding vesting schedules. |
| March 7, 2024 | Date of previously reported Form 4 filing regarding vesting schedules. |
| 03/13/2025 | Date of the reported transaction: withholding of shares for tax obligations. |
| 03/17/2025 | Date of signature on the Form 4 filing. |
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