AvePoint (AVPT) CLO reports stock grant and tax-withholding share disposition
Rhea-AI Filing Summary
AvePoint, Inc. director and Chief Legal Officer Brian Michael Brown reported equity compensation-related transactions in the company’s common stock. He acquired 11,107 shares through a grant or award valued at $11.29 per share, increasing his direct holdings as part of AvePoint’s 2021 Equity Incentive Plan.
On the same date, 12,899 shares were disposed of at $11.29 per share to cover income tax withholding obligations tied to vesting securities, an exempt, non-discretionary transaction. Following these movements, Brown directly held 642,315 shares, including both common stock and previously granted restricted stock units subject to vesting and performance conditions.
Positive
- None.
Negative
- None.
Insights
Routine equity grant and tax withholding with no clear thesis impact.
The reporting by AvePoint Chief Legal Officer Brian Michael Brown shows a standard equity award of 11,107 common shares under the 2021 Equity Incentive Plan at $11.29 per share, along with performance-based restricted stock units referenced in prior grants.
The concurrent disposition of 12,899 shares at $11.29 per share is explicitly described as an exempt tax-withholding transaction, where shares are withheld by the issuer to satisfy income tax obligations, not an open-market sale. This keeps the filing in the realm of routine compensation administration rather than a directional insider trade.
After these transactions, Brown directly held 642,315 shares, including common stock and vested and unvested RSUs under earlier awards. Future performance and continued employment conditions govern vesting of the performance-based RSUs mentioned, so the practical effect will unfold over time based on those conditions rather than this filing alone.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,107 | $11.29 | $125K |
| Tax Withholding | Common Stock | 12,899 | $11.29 | $146K |
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. Represents the additional shares of the Issuer's common stock to be received by the Reporting Person based on the performance conditions of the performance-based RSUs ("PRSUs") previously reported on the Form 4 filed with the Securities and Exchange Commission on March 18, 2025. Future vesting of the PRSUs is subject to their performance conditions as well as continuous employment 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. 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.
