AVPT Form 4: Executive Chairman Xunkai Gong reports planned sale, retains 15.19M shares

Rhea-AI Filing Summary

AvePoint, Inc. director and Executive Chairman Xunkai Gong reported a sale of 31,950 shares of common stock on 09/29/2025 at $15.34 per share under a Rule 10b5-1 trading plan adopted on 06/22/2025. The filing shows Mr. Gong beneficially owns 15,188,718 shares following the sale, held indirectly through several trusts and LLCs (Giocoso Holdings LLC, Cadenza Holdings LLC, Vivace Holdings LLC, The Purple Harbor Trust, The Purple Cove Trust, and G Sonata Trust). The report states he disclaims beneficial ownership of trust/LLC shares except to the extent of his pecuniary interest.

The transaction was reported on Form 4 and was executed pursuant to a pre-established trading plan, indicating the sale was planned rather than opportunistic based on undisclosed material information.

Positive

• Sale executed under a Rule 10b5-1 trading plan, indicating the transaction was pre-planned and reduces concern about trading on material nonpublic information
• Significant retained economic interest (15,188,718 shares) held indirectly via trusts and LLCs, indicating continued alignment with shareholders

Negative

• Insider disposition of 31,950 shares may be perceived negatively by some investors despite being pre-planned
• Concentrated indirect ownership through multiple trusts and LLCs means control remains concentrated, which could concern investors seeking dispersed ownership

Insights

Corporate Governance Expert

TL;DR: Routine, pre-planned insider sale under a 10b5-1 plan; large indirect holdings remain concentrated.

The Form 4 discloses a scheduled disposition of 31,950 shares under a Rule 10b5-1 plan adopted June 22, 2025, which is consistent with sound governance practices for avoiding trading on material nonpublic information. The filing highlights substantial indirect ownership (15.19 million shares) via affiliated entities and trusts, which maintains significant insider alignment with shareholders but also indicates concentrated voting/ownership influence. The disclaimer of beneficial ownership for trusts/LLCs is standard language but does not change the large reported economic exposure.

Securities Analyst

TL;DR: Small executed sale relative to total holdings; not a material change to ownership stake.

The reported sale of 31,950 shares at $15.34 reduces the reporting person’s direct holdings only marginally compared with 15.19 million shares reported as beneficially owned after the transaction. Because the trade was made under a documented 10b5-1 plan, it signals a pre-arranged disposition rather than a reactive sale. From a market-impact perspective, the transaction size is unlikely to be material to AvePoint’s outstanding float or to signal a change in insider confidence based on the information disclosed.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Gong Xunkai

(Last) (First) (Middle)

C/O AVEPOINT, INC.

525 WASHINGTON BOULEVARD, SUITE 1400

(Street)

JERSEY CITY NJ 07310

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AvePoint, Inc. [ AVPT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/29/2025		S		31,950(1)	D	$15.34	15,188,718(2)	I	Held by trusts and LLCs

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 22, 2025.

2. Includes (i) 3,965,953 shares held by Mr. Gong's affiliate Giocoso Holdings LLC, (ii) 459,929 shares held by Mr. Gong's affiliate Cadenza Holdings LLC, (iii) 170,465 shares held by Mr. Gong's affiliate Vivace Holdings LLC, each of which Mr. Gong may be deemed to beneficially own, (iv) 2,011,112 shares held by The Purple Harbor Trust, for which Mr. Gong is the trustee, (v) 2,011,112 shares held by The Purple Cove Trust, for which Mr. Gong is the trustee, and (vi) 6,570,147 shares held by G Sonata Trust, for which Mr. Gong is a trustee. The Reporting Person disclaims beneficial ownership with respect to the shares held by each trust and LLC, except to the extent his pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for the purposes of Section 16 or for any other purpose.

	/s/ Brian Michael Brown	09/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did AvePoint (AVPT) insider Xunkai Gong report on Form 4?

The Form 4 reports a sale of 31,950 shares of AvePoint common stock on 09/29/2025 at $15.34 per share.

Was the sale by the AvePoint insider part of a trading plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 06/22/2025.

How many AvePoint shares does Xunkai Gong beneficially own after the transaction?

The filing reports 15,188,718 shares beneficially owned following the reported transaction, held indirectly through trusts and LLCs.

Which entities hold the shares attributed to Xunkai Gong?

The report lists holdings in Giocoso Holdings LLC (3,965,953), Cadenza Holdings LLC (459,929), Vivace Holdings LLC (170,465), The Purple Harbor Trust (2,011,112), The Purple Cove Trust (2,011,112), and G Sonata Trust (6,570,147).

Does the reporting person claim full beneficial ownership of the trust and LLC shares?

No. The reporting person disclaims beneficial ownership