Gong Xunkai 4
4 · AvePoint, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
AvePoint (AVPT) Executive Chairman Gong Xunkai Withholds 6,117 Shares
What Happened
Gong Xunkai, Executive Chairman and Director of AvePoint (AVPT), had 6,117 shares withheld by the company to satisfy tax withholding obligations tied to the vesting/settlement of restricted stock units (RSUs). The withholding covered shares valued at $10.30 each, for a total of approximately $63,005. This is a tax-withholding (code F) transaction, not an open-market sale.
Key Details
- Transaction date: March 20, 2026; Form 4 filed March 24, 2026.
- Shares involved: 6,117 common shares withheld; price used for withholding: $10.30; total value ≈ $63,005.
- Transaction code: F — shares withheld to satisfy income tax withholding upon vesting (exempt under Rule 16b-3).
- Footnotes: F1 notes these were RSUs that convert to common stock on vesting; F2 clarifies the withholding was done by the issuer to meet tax obligations and was not a discretionary sale by the insider; F3 indicates the filing aggregates non-RSU stock and vested/unvested RSUs previously reported.
- Shares owned after transaction: not specified in the provided filing.
Context
This was a routine tax-withholding transaction tied to RSU vesting (a "net share settlement" style event) rather than a voluntary sale; such withholdings are common and generally do not signal a change in insider sentiment. The filing simply reports the shares withheld to cover tax liabilities arising from the issuance/vesting of equity awards.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-03-20$10.30/sh−6,117$63,005→ 929,086 total
Footnotes (3)
- [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]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.
- [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, March 18, 2025, and March 18, 2026.