Brown Brian Michael 4

What Happened

• Brian Michael Brown, AvePoint's Chief Legal Officer and a company director, had 1,546 shares of common stock withheld by the issuer to satisfy tax withholding related to the vesting/settlement of restricted stock units (RSUs). The shares were valued at $10.30 each, for a total withholding of $15,924. This was a tax-withholding/net-settlement transaction (not an open-market sale).

Key Details

• Transaction date and price: March 20, 2026; 1,546 shares at $10.30 each (total $15,924).
• Transaction code: F — withholding/delivery of securities to cover tax liability upon vesting (net settlement).
• Shares owned after transaction: Not specified in the provided filing excerpt; footnote F3 notes the reporting person holds non-RSU common stock and aggregate vested and unvested RSUs previously reported.
• Notable footnotes:
  • F1: These were RSUs that convert to common shares upon vesting.
  • F2: The withholding was an exempt, issuer-handled tax withholding under Rule 16b-3 and not a discretionary sale by the reporting person.
  • F3: Holdings include non-RSU common stock plus vested/unvested RSUs reported in prior Form 4s.
• Filing timeliness: Form filed March 24, 2026 for a March 20, 2026 transaction — filed within the standard two business-day window.

Context

• This was a routine tax-withholding (cashless/net settlement) when RSUs vested; the issuer withheld shares to meet tax obligations rather than the insider selling shares on the open market. Such withholdings are common and typically do not signal a change in insider sentiment.