AvePoint (AVPT) director Jeff Teper awarded 16,493 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teper Jeff reported acquisition or exercise transactions in this Form 4 filing.
AvePoint, Inc. director Jeff Teper received a grant of 16,493 shares of common stock in the form of restricted stock units (RSUs). The RSUs were valued at $11.52 per share for reporting purposes and were issued under AvePoint’s 2021 Equity Incentive Plan.
Each RSU represents a right to receive one share of AvePoint common stock when it vests. According to the disclosure, 100% of these RSUs will vest on June 1, 2027, provided Teper continues his service with the company through that date. Following this award, Teper now holds a total of 335,798 shares of AvePoint common stock, including RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Teper Jeff
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,493 | $11.52 | $190K |
Holdings After Transaction:
Common Stock — 335,798 shares (Direct, null)
Footnotes (1)
- This security represents the Issuer's common stock as well as restricted stock units (each, an "RSU") granted to the Reporting Person under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. 100% of the RSUs will vest on June 1, 2027, following the Reporting Person's continued service with the Issuer as of that vesting date.
Key Figures
RSUs granted: 16,493 shares
Grant value per share: $11.52 per share
Total holdings after grant: 335,798 shares
+1 more
4 metrics
RSUs granted
16,493 shares
Equity award to director Jeff Teper
Grant value per share
$11.52 per share
Reporting value for RSU grant
Total holdings after grant
335,798 shares
Teper’s AvePoint common stock including RSUs
RSU vesting date
June 1, 2027
100% of RSUs vest if service continues
Key Terms
restricted stock units, RSU, 2021 Equity Incentive Plan
3 terms
restricted stock units financial
"This security represents the Issuer's common stock as well as restricted stock units (each, an "RSU") granted to the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
2021 Equity Incentive Plan financial
"RSUs granted to the Reporting Person under the Issuer's 2021 Equity Incentive Plan."
FAQ
What did AvePoint (AVPT) director Jeff Teper report in this Form 4?
Jeff Teper reported receiving 16,493 restricted stock units (RSUs) of AvePoint common stock. These equity awards were granted under AvePoint’s 2021 Equity Incentive Plan and increase his total reported holdings to 335,798 shares, including RSUs, after the transaction.
When do Jeff Teper’s AvePoint (AVPT) RSUs vest?
All of Jeff Teper’s newly granted AvePoint RSUs are scheduled to vest on June 1, 2027. Vesting is contingent on his continued service with the company through that date, meaning he must remain in his role until vesting occurs to receive the underlying shares.
Is Jeff Teper’s AvePoint (AVPT) transaction a market buy or sell?
The transaction is not a market buy or sell; it is a grant of 16,493 restricted stock units. These RSUs were awarded as compensation under AvePoint’s 2021 Equity Incentive Plan and will convert into common shares only when they vest in 2027.