AVPT Chief Legal Officer sells 500K shares to support Singapore listing

Rhea-AI Filing Summary

AvePoint insider sale of 500,000 shares to support SGX secondary listing. Brian Michael Brown, who serves as Chief Legal Officer and a Director, sold 500,000 shares of AvePoint common stock on 09/18/2025 at $15.21 per share as part of the company’s secondary listing on the Singapore Exchange to facilitate initial liquidity. The filing states no shares were sold on NASDAQ and the transaction was executed in accordance with Rule 144 and company insider trading policies. After the sale the report shows 640,288 shares beneficially owned indirectly, held by the Brian M. Brown Revocable Trust.

Positive

• Transaction executed in accordance with Rule 144 and company insider trading policies, indicating regulatory compliance.
• Disclosure clarifies no NASDAQ sales and that the sale was to facilitate liquidity for the SGX secondary listing.

Negative

• Insider sold a material block of 500,000 shares, which may be viewed as notable insider liquidity.
• Substantial indirect ownership remains in a revocable trust (640,288 shares), requiring monitoring for future dispositions.

Insights

Securities Analyst

TL;DR: Significant insider sale tied to SGX listing; compliant execution reduces short-term governance concerns.

The 500,000-share sale at $15.21 was executed to provide initial liquidity for AvePoint's SGX secondary listing, and the report explicitly states compliance with Rule 144 and internal policies, which mitigates regulatory risk. The remaining indirect stake of 640,288 shares is disclosed as held in a revocable trust; the filer disclaims beneficial ownership except for pecuniary interest. This is a disclosure of insider liquidity rather than an operational development for AvePoint.

Corporate Governance Expert

TL;DR: Insider sale is material for governance monitoring but appears procedurally proper and disclosed.

The filing shows a sizable disposition by a key officer and director, which is important for monitoring potential signaling to investors. The report notes the transaction occurred on SGX-ST only and that no NASDAQ sales took place. The trustee disclosure and disclaimer of beneficial ownership are standard; they clarify indirect ownership through the Brian M. Brown Revocable Trust. From a governance perspective, the filing provides required transparency without indicating breaches of policy.

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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hours per response:			0.5

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^*

Brown Brian Michael

(Last) (First) (Middle)

C/O AVEPOINT, INC.

901 E BYRD ST, SUITE 900

(Street)

RICHMOND VA 23219

(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)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

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	09/18/2025		S		500,000(1)	D	$15.21	640,288	I	Held by Brian M. Brown Revocable Trust(2)

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 reported sale of shares was made pursuant to the Company's secondary listing on the Singapore Exchange Securities Trading Limited ("SGX-ST") on September 18, 2025. The sale was executed to facilitate initial liquidity in connection with the SGX-ST listing. The reporting person undertook the transaction in accordance with Rule 144 and applicable insider trading policies. No shares were sold on NASDAQ in connection with this transaction.

2. The Reporting Person is a trustee of the Brian M. Brown Revocable Trust (the "Trust"). Mr. Brown may be deemed to beneficially own these shares. The Reporting Person disclaims beneficial ownership of the shares held by the Trust, except to the extent of 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 report shares for the purposes of Section 16 or for any other purpose.

	/s/ Brian Michael Brown	09/22/2025
	** 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

What did AvePoint insider Brian M. Brown sell in the Form 4 (AVPT)?

The Form 4 reports a sale of 500,000 shares of AvePoint common stock.

When and at what price were the AVPT shares sold?

The reported transaction date is 09/18/2025 at a price of $15.21 per share.

Why were the AVPT shares sold according to the filing?

The filing states the sale was made to facilitate initial liquidity in connection with AvePoint’s secondary listing on the Singapore Exchange (SGX-ST).

Does the filing indicate sales on NASDAQ?

No; the filing explicitly states no shares were sold on NASDAQ in connection with this transaction.

How many AvePoint shares does Brian M. Brown beneficially own after the sale?

The report shows 640,288 shares beneficially owned following the transaction, held indirectly by the Brian M. Brown Revocable Trust.