Gong Xunkai 4
4 · AvePoint, Inc. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
AvePoint (AVPT) Exec Chairman Gong Sells Shares for Tax Withholding
What Happened
Gong Xunkai, AvePoint's Executive Chairman and a director, had a total of 5,708 shares of AVPT "disposed" on 2026-06-05 as part of a tax-withholding/net settlement of vested restricted stock units (RSUs). The withholding consisted of 4,449 shares (4,449 x $10.74 = $47,782) and 1,259 shares (1,259 x $10.74 = $13,522), for total proceeds withheld of approximately $61,304. This was not an open-market sale by the insider but shares withheld by the company to satisfy income tax obligations.
Key Details
- Transaction date: 2026-06-05; Form 4 filed: 2026-06-09 (timely filed).
- Price per share: $10.74.
- Shares withheld/disposed: 4,449 and 1,259 (total 5,708).
- Transaction code/reason: F (tax withholding/net settlement of RSUs) — not a discretionary sale.
- Shares owned after transaction: Not specified in this filing; see prior Form 4s referenced in footnote F3 for aggregate holdings history.
- Footnotes: F1 = these were RSUs representing contingent rights to common stock; F2 = exempt withholding transaction under Rule 16b‑3; F3 = total holdings include non‑RSU common stock and vested/unvested RSUs reported in earlier filings.
Context
This was a routine tax-withholding/net-settlement event tied to RSU vesting (a common non‑market transaction). Such withholdings reduce the insider's post‑vesting share count but do not indicate an active decision to sell shares on the market.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-06-05$10.74/sh−4,449$47,782→ 924,637 total - Tax Payment
Common Stock
[F1][F2][F3]2026-06-05$10.74/sh−1,259$13,522→ 923,378 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.