Gong Xunkai 4

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.