AVPT Form 4: Chief Legal Officer Withholds 7,310 Shares for Taxes
Rhea-AI Filing Summary
Brian Michael Brown, Chief Legal Officer and a director of AvePoint, Inc. (AVPT), reported a routine disposition of 7,310 shares of the issuer's common stock on 08/29/2025 at a price of $16.36 per share. The Form 4 states this was an exempt transaction: shares were withheld by the company to satisfy tax withholding obligations arising from the vesting of restricted stock units granted under the 2021 Equity Incentive Plan rather than a discretionary open-market sale. After the transaction, Brown beneficially owned 1,148,133 shares, which include both non-RSU common stock and vested and unvested RSUs reported in prior Form 4 filings. The Form 4 is signed and dated 09/02/2025.
Positive
- Transaction is administrative and compliant: shares were withheld to satisfy tax obligations from RSU vesting, consistent with plan mechanics
- Reporting transparency: Form 4 discloses the nature, amount, and price of the transaction and includes an explanation
Negative
- Reduction in beneficial holdings: the reporting persons holdings decreased by 7,310 shares as a result of withholding
Insights
TL;DR Routine tax-withholding share disposition related to RSU vesting; standard compliance action, not a directional insider sale.
The filing documents a net settlement via share withholding to satisfy tax obligations for vested RSUs. This is a common administrative step under equity plans and indicates the company is administering awards per plan terms. The transaction code "F" and the explanation clarify that the shares were withheld by the issuer, not sold opportunistically by the reporting person. For governance review, this raises no immediate red flags regarding insider selling or corporate control matters.
TL;DR Small-scale disposition of 7,310 shares via withholding has negligible impact on ownership or market supply.
The reported disposal amount represents a very small fraction of the reporting persons total beneficial holdings of 1,148,133 shares. The price of $16.36 is shown for recordation but the transaction is administrative (tax withholding) and should not be interpreted as a signal about the executives view on company valuation. From a liquidity and float perspective, the withheld shares reduce outstanding beneficial holdings but are unlikely to move the market.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,310 | $16.36 | $120K |
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.
