Gong Xunkai 4
4 · AvePoint, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
AvePoint (AVPT) Exec Chairman Gong Xunkai Sells 3,788 Shares
What Happened
Gong Xunkai, Executive Chairman and Director of AvePoint (AVPT), had 3,788 shares of common stock withheld to cover tax withholding related to the vesting of restricted stock units (RSUs). The withholding occurred on June 12, 2026, at a per-share price of $10.87, for a total value of approximately $41,176. This was a tax-withholding/net settlement action (coded F), not an open-market sale.
Key Details
- Transaction date and price: June 12, 2026 — 3,788 shares withheld at $10.87 per share (total ~$41,176).
- Transaction code: F — payment of exercise price or tax liability by delivering/withholding securities (net settlement).
- Shares owned after transaction: Filing notes holdings include non-RSU common stock and aggregate vested and unvested RSUs previously reported (see prior Form 4s cited in footnote F3). The Form 4 does not list a new total share count beyond that description.
- Relevant footnotes:
- F1: RSUs represent contingent rights to receive one share upon vesting.
- F2: The withheld shares represent the issuer satisfying its income tax withholding obligations and are not a discretionary sale by the insider.
- F3: Holdings include previously reported vested and unvested RSUs and non-RSU common stock.
- Filing date/timeliness: Form 4 was filed June 16, 2026 for a June 12 transaction (filed four days after the transaction). Form 4s are generally due within two business days of the transaction; check the SEC filing for any timeliness notation.
Context
This was a routine tax-withholding/cashless-net settlement tied to RSU vesting, not an indicator of a deliberate open-market sale. For retail investors, purchases or outright open-market sales by insiders tend to carry clearer signals; tax-withholding events are administrative and common when equity awards vest.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-06-12$10.87/sh−3,788$41,176→ 919,590 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.