AVPT Insider Report: Gong Xunkai RSU Withholding of 6,500 Shares
Rhea-AI Filing Summary
AvePoint director and Executive Chairman Gong Xunkai reported a transaction on 09/19/2025 relating to the company’s common stock and restricted stock units under the 2021 Equity Incentive Plan. The filing shows 6,500 shares were disposed of at an effective price of $15.67 in an exempt transaction where shares were withheld to satisfy tax withholding obligations on RSU vesting. After the withholding, the reporting person beneficially owned 763,702 shares (including vested and unvested RSUs). The Form 4 was signed by an attorney-in-fact on 09/23/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine tax-withholding on vested RSUs by an executive; not an indication of voluntary sale or change in control.
The transaction is recorded as an exempt disposition under Rule 16b-3 where the issuer withheld 6,500 shares to satisfy tax obligations arising from RSU vesting. This is a common administrative action and the filing clarifies it was not a discretionary sale by the reporting person. The remaining beneficial ownership of 763,702 shares (including unvested RSUs) retains the reporting person’s substantial economic and voting interest. From a governance perspective, the Form 4 documents proper disclosure and compliance with Section 16 reporting requirements.
TL;DR: Small share withholding to cover taxes; immaterial to overall ownership and unlikely to affect market or control dynamics.
The reported disposal of 6,500 shares at $15.67 represents net settlement of RSUs for tax withholding rather than an open-market sale. Given the post-transaction beneficial ownership of 763,702 shares, the change represents a negligible percentage shift in stake for an executive-level holder. The disclosure is timely and consistent with prior RSU grants referenced in earlier Form 4 filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,500 | $15.67 | $102K |
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. Exempt transaction consisting of the payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. The shares reported as disposed of in this Form 4 represent the number of shares of the Issuer's common stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the securities and does not represent a discretionary transaction by the Reporting Person. Includes non-RSU common stock as well as aggregate vested and unvested RSUs held by the Reporting Person subject to the vesting schedules previously reported on Table I of Form 4s filed with the Securities and Exchange Commission on September 3, 2021, March 22, 2022, March 23, 2023, March 7, 2024 and March 18, 2025.
