Gong Xunkai 4

What Happened

• Gong Xunkai, AvePoint's Executive Chairman and Director, exercised options/converted derivatives on June 22, 2026 to acquire a total of 949,442 shares (205,913 + 743,529) at an exercise price of $9.97 per share. The cash paid for the exercises was about $9,465,937 in the aggregate. The filing also shows corresponding disposals of the derivative instruments at $0, which reflect the conversion/cancellation of those derivatives upon settlement.

Key Details

• Transaction date: 2026-06-22; filing date: 2026-06-23 (appears timely).
• Shares acquired via exercise: 205,913 and 743,529 at $9.97 each (total 949,442 shares); aggregate cash paid ≈ $9,465,937.
• Disposals recorded at $0 for the same lot sizes reflect conversion/cancellation of the derivative instruments upon settlement.
• Footnotes: F1/F2 = RSUs and common stock reporting (RSUs convert to one share on vesting); F3 = options granted under the 2016 Equity Incentive Plan were exercised.
• Shares owned after transaction: not specified in the excerpt provided—see the full Form 4 (Table I) for total holdings.

Context

• Code M transactions indicate option exercises/conversions of derivatives. There is no evidence in this filing that the acquired shares were immediately sold; this appears to be an exercise/settlement rather than an open-market sale. Exercises and RSU conversions result in share ownership but do not necessarily signal the insider's market timing or longer-term intent.