Gong Xunkai 4

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.