Brown Brian Michael 4
4 · AvePoint, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
AvePoint (AVPT) CLO Brian Brown Withholds Shares for Taxes
What Happened
Brian Michael Brown, AvePoint’s Chief Legal Officer and a director, had a total of 6,885 shares of common stock withheld on June 12, 2026 to satisfy tax withholding in connection with vested restricted stock units (RSUs). The filing shows 5,010 shares withheld at $10.87 each ($54,459) and 1,875 shares withheld at $10.87 each ($20,381), for a combined value of roughly $74,840. This was a net settlement/tax-withholding event, not an open-market sale or purchase by the insider.
Key Details
- Transaction date: 2026-06-12; Filing date: 2026-06-16 (timely within required reporting window).
- Price used for withholding: $10.87 per share.
- Shares withheld/disposed: 5,010 and 1,875 (total 6,885). Total value ≈ $74,840.
- Shares owned after transaction: Not specified in this Form 4; filing references aggregate holdings (see footnote F3) that include non-RSU common stock and vested/unvested RSUs previously reported.
- Notable footnotes:
- F1: These were RSUs representing the right to receive common shares upon vesting.
- F2: The transaction is an exempt withholding (issuer withheld shares to satisfy tax obligations) and not a discretionary sale by the reporting person.
- F3: Aggregate holdings include previously reported vested and unvested RSUs and non-RSU common stock.
Context
This was a routine tax-withholding event tied to RSU vesting (a net settlement), which is common and does not reflect an open-market sale or purchase decision by the insider. Such withholding transactions are administrative and generally not interpreted as a direct signal about the insider’s view of the company’s shares.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-06-12$10.87/sh−5,010$54,459→ 811,047 total - Tax Payment
Common Stock
[F1][F2][F3]2026-06-12$10.87/sh−1,875$20,381→ 809,172 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.