Gong Xunkai 4
4 · AvePoint, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
AvePoint (AVPT) Exec Chair Gong Xunkai Receives Award; Shares Withheld
What Happened
Gong Xunkai, AvePoint’s Executive Chairman and a director, was granted 44,439 restricted stock units (RSUs) on March 5, 2026, valued at $11.29 per share (total ~$501,716). At the same time 48,539 shares were withheld by the issuer to satisfy tax-withholding obligations in connection with the net settlement of vested securities (reported as a disposition valued at $11.29/share; ~$548,005). The withholding is an administrative tax payment (not an open-market sale).
Key Details
- Transaction date: March 5, 2026; Form filed March 9, 2026 (timely filing).
- Grant: 44,439 RSUs @ $11.29 = $501,716 (code A — award/grant).
- Withholding/tax payment: 48,539 shares @ $11.29 = $548,005 (code F — tax withholding/net settlement).
- Shares owned after transaction: the filing does not state an aggregate post-transaction share total; footnote F3 indicates holdings include non-RSU common stock and aggregate vested/unvested RSUs from prior grants.
- Footnotes of note:
- F1: These are RSUs that convert to common shares upon vesting.
- F2: Some PRSUs (performance-based RSUs) may yield additional shares depending on future performance and continued employment.
- F4: The share "disposition" reflects issuer withholding to cover taxes (net settlement), not a discretionary market sale by the insider.
Context
- RSU grants are compensation awards that convert to shares when they vest; they are not an open-market purchase (often viewed as remuneration rather than a direct bullish signal).
- The withheld shares were used to satisfy tax obligations via net settlement, a common administrative action that reduces outstanding delivered shares rather than representing a voluntary sale.
Insider Transaction Report
Form 4
AvePoint, Inc.AVPT
Gong Xunkai
DirectorExecutive Chairman
Transactions
- Award
Common Stock
[F1][F2][F3]2026-03-05$11.29/sh+44,439$501,716→ 797,616 total - Tax Payment
Common Stock
[F1][F4][F3]2026-03-05$11.29/sh−48,539$548,005→ 749,077 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.
Signature
/s/ Brian Michael Brown, Attorney-in-Fact|2026-03-09