Jiang Tianyi 4
Research Summary
AI-generated summary
AvePoint (AVPT) CEO Jiang Tianyi Withholds Shares for Taxes
What Happened
Jiang Tianyi, CEO of AvePoint, had a total of 4,392 shares of AvePoint common stock withheld to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The filing shows two withholding events on June 5, 2026: 3,423 shares withheld at $10.74 each for $36,763, and 969 shares withheld at $10.74 each for $10,407 — about $47,170 in aggregate. These disposals are tax-withholding transactions (not open-market sales) tied to RSU vesting.
Key Details
- Transaction dates and prices: June 5, 2026 — 3,423 shares @ $10.74 and 969 shares @ $10.74.
- Total shares withheld: 4,392; total value ≈ $47,170.
- Shares owned after transaction: Not specified in this Form 4; filing footnote F3 notes aggregate holdings (non-RSU common stock plus vested/unvested RSUs) as previously reported.
- Footnotes: F1 explains these were RSUs; F2 confirms these were exempt, non-discretionary withholdings under Rule 16b-3; F3 references prior filings for vesting schedules/aggregate holdings.
- Filing timing: Transaction occurred June 5, 2026; Form 4 was filed June 9, 2026 (the filing comes four days after the transaction and may be later than the usual two-business-day deadline).
Context
This was a routine tax-withholding (net settlement) tied to RSU vesting, not a voluntary sale that would signal a change in sentiment. For insiders, withheld-share disposals are commonplace when equity awards vest and generally reflect tax obligations rather than a directional bet on the stock.