Gong Xunkai 4

What Happened

• Xunkai Gong, AvePoint's Executive Chairman and a director, was granted a total of 516,061 equity awards on March 16, 2026: 190,114 RSUs reported at $0.00 (time-based restricted stock units) and 325,947 performance-based derivative RSUs valued at $10.52 each (aggregate reported value $3,428,962). Transaction code A = award/grant.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (appears timely within the standard 2-business-day window).
• Grants: 190,114 RSUs @ $0.00 (time-based RSUs); 325,947 PRSUs @ $10.52 (derivative / performance-based award; reported aggregate value $3,428,962).
• Aggregate new awards = 516,061 RSUs.
• Shares owned after the reported transactions: not specified in the excerpt provided (the filing references prior Form 4s for existing holdings).
• Relevant footnotes:
  • F1: RSUs represent the right to receive one share per RSU upon vesting.
  • F2: The 325,947 PRSUs are performance-based (70% weighted to ARR CAGR for 2026–2028; 30% to FY2028 GAAP profitability). Actual payout can range from 50% to 200% of granted value and will vest only after certification by the Compensation Committee following the performance period.
  • F3: Filing references prior reported holdings and vesting schedules; other footnotes in the filing relate to options/vesting schedules but are not the primary items in these March 16 grants.

Context

• These are grants/awards (not open-market purchases or sales). Time-based RSUs and PRSUs typically vest over time or upon achievement of performance targets, so they do not represent immediate stock purchases or liquidity. Performance RSUs carry outcome uncertainty (may pay out at 50%–200% of the grant) and will only convert to shares if and when performance criteria are met and vesting is certified.