Brown Brian Michael 4
4 · AvePoint, Inc. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
AvePoint (AVPT) Chief Legal Officer Brian Brown Withholds 27 Shares
What Happened
Brian Michael Brown, AvePoint’s Chief Legal Officer and a director, had 27 shares of AvePoint common stock withheld by the company to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The withholding occurred on June 4, 2026, at an effective per-share value of $10.89, totaling approximately $294. This was a non-discretionary, routine tax-withholding transaction (code F), not an open-market sale.
Key Details
- Transaction date and price: June 4, 2026 — 27 shares withheld at $10.89 each (total ≈ $294).
- Transaction type/code: F — shares withheld to satisfy tax withholding upon RSU vesting (exempt under Rule 16b-3).
- Shares owned after transaction: The provided excerpt does not list a post-transaction total; the filing notes holdings include non-RSU common stock and aggregate vested/unvested RSUs per prior Form 4s.
- Footnotes:
- F1: Shares reflect common stock and RSUs (each RSU = right to one share upon vesting).
- F2: The shares were withheld by the issuer to meet income tax withholding/remittance obligations and do not reflect a discretionary sale by the insider.
- F3: Holdings include previously reported vested and unvested RSUs per prior filings (Sept 3, 2021; Mar 22, 2022; Mar 23, 2023; Mar 7, 2024; Mar 18, 2025; Mar 18, 2026).
- Filing timeliness: Form 4 was filed June 8, 2026, within the SEC’s standard two-business-day window following the June 4 transaction.
Context
This was a cashless, tax-withholding settlement of vested RSUs rather than a proactive sale by the insider. Such withholdings are routine and intended solely to satisfy tax obligations; they generally do not signal a change in the insider’s view of the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-06-04$10.89/sh−27$294→ 820,151 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.