Brown Brian Michael 4
4 · AvePoint, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
AvePoint (AVPT) CLO Brian Brown Receives RSU Award
What Happened
Brian Michael Brown, AvePoint’s Chief Legal Officer and a company director, was granted 11,107 restricted stock units (RSUs) on 2026-03-05 at a grant value of $11.29 per share (total ~$125,398). On the same date, 12,899 shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting/settlement (reported as a disposition valued at $11.29 per share, ~$145,630).
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely within required reporting window).
- Award: 11,107 RSUs @ $11.29 = $125,398 (transaction code A).
- Withholding: 12,899 shares withheld for tax liability @ $11.29 = $145,630 (transaction code F; exempt withholding transaction).
- Shares owned after transaction: not numerically specified in the provided summary; filing notes aggregate holdings include non-RSU common stock and vested/unvested RSUs per prior Form 4s (see footnote F3).
- Footnotes of note:
- F1: These are RSUs that convert to one share per RSU upon vesting.
- F2: Additional performance-based RSUs (PRSUs) may be earned later if performance and continued employment conditions are met.
- F4: The share disposition reflects issuer withholding to cover taxes (a net settlement), not a discretionary open-market sale by the insider.
Context
This was an equity award plus an automatic tax-withholding settlement — a common, administrative insider transaction. The withholding is an exempt, non-discretionary action to satisfy tax obligations and should not be read as an intentional sale signal. The PRSU footnote means Brown could receive more shares later if performance targets are met.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-03-05$11.29/sh+11,107$125,398→ 655,214 total - Tax Payment
Common Stock
[F1][F4][F3]2026-03-05$11.29/sh−12,899$145,630→ 642,315 total
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.