AvePoint Form 4: Zhijian Lu settles tax with 721 shares, exits 10% status

Rhea-AI Filing Summary

AvePoint, Inc. (AVPT) – Form 4 insider filing

On 20 June 2025, director-level insider Zhijian Lu reported an exempt transaction (Code F) involving the company’s common stock. A total of 721 shares were automatically withheld and disposed of at $17.96 per share to cover exercise-price or tax-withholding obligations related to previously granted restricted stock units (RSUs) under the 2021 Equity Incentive Plan. This was a non-discretionary, broker-facilitated settlement permitted under Rule 16b-3.

Following the withholding, Lu’s direct beneficial ownership stands at 182,562 shares, which comprises both vested and unvested RSUs. The filing notes that Lu no longer qualifies as a beneficial owner of more than 10 % of AvePoint’s outstanding shares; therefore, this Form 4 also serves as an exit filing under Section 16 reporting requirements.

No derivative securities were acquired or disposed of, and there were no open-market sales or purchases beyond the tax-related share withholding. The limited share count involved (721 shares, ≈0.4 % of current holdings) makes the economic impact minimal, but the change in >10 % ownership status slightly reduces insider concentration.

Positive

• Administrative nature: Shares were withheld solely for tax obligations, not discretionary selling, limiting negative signaling.
• Insider alignment: Reporting person still holds 182,562 shares, showing continued equity stake.

Negative

• Loss of >10 % holder status: Reduction below the threshold marginally decreases high-concentration insider ownership, which some investors view as supportive.
• Share dilution optics: Although minimal, disposition is technically reported as a sale, which could be perceived negatively by headline-driven observers.

Insights

Securities Analyst

TL;DR: Minor tax-withholding trade; insider drops below 10 % ownership—administrative, not fundamentally market-moving.

The Code F transaction merely settled taxes on RSUs, involving 721 shares ($12.9 k). Post-trade holdings of 182,562 shares indicate continuing alignment, but Lu exits the >10 % holder category, reducing required Section 16 filings. Because no open-market selling occurred and the position change is de-minimis (<0.1 % of AvePoint’s ~230 m outstanding shares), the disclosure is operationally routine. Investors should read it as neutral: governance transparency maintained, ownership concentration slightly lower, no signal on future fundamentals.

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

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X

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lu Zhijian

(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)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			No longer a 10% owner

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

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(1)	06/20/2025		F		721(2)	D	$17.96	182,562(3)	D

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. This security represents 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.

2. 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.

3. Includes aggregate vested and unvested RSUs held by the Reporting Person. Previously, the Reporting Person was granted an aggregate of 151,354 RSUs. Each of the Reporting Person's RSU grant awards vest on the following schedule: 25% after 1 year and the remaining vest in 12 equal quarterly installments thereafter.

Remarks:

Following this transaction, the Reporting Person is no longer a beneficial owner of more than 10% of the Issuer's securities and as such, this filing represents an exit filing for the Reporting Person.

	/s/ Brian Michael Brown, Attorney-in-Fact	06/23/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many AvePoint (AVPT) shares did Zhijian Lu dispose of on 20 June 2025?

721 common shares were withheld and disposed of to cover tax obligations.

What was the price of the AVPT shares withheld in the Form 4 filing?

The shares were valued at $17.96 per share for withholding purposes.

How many AvePoint shares does Zhijian Lu own after the transaction?

Lu’s direct beneficial ownership is 182,562 shares following the withholding.

Does the filing indicate open-market selling by the insider?

No. The disposition is a Code F, tax-withholding event, not an open-market sale.

Why is this Form 4 considered an exit filing for Zhijian Lu?

Because Lu is no longer a beneficial owner of more than 10 % of AvePoint’s shares after this transaction.