Brown Brian Michael 4

What Happened

• Brian M. Brown, AvePoint's Chief Legal Officer and a director, exercised options/converted derivatives on June 18, 2026 to acquire 50,492 shares of AvePoint common stock by paying an aggregate exercise price of $525,622 ($10.41 per share). The filing also reports a corresponding conversion/disposition of 50,492 derivative units at $0.00, which reflects the extinguishment/conversion of the derivative instrument rather than a cash sale of the underlying shares.

Key Details

• Transaction date: 2026-06-18; exercise price paid: $10.41 per share; total paid: $525,622.
• Reported "disposed" line: 50,492 derivatives at $0.00 — this indicates conversion/exercise of the derivative, not an open-market sale of shares.
• Shares owned after transaction: not specified in this Form 4; footnote F2 says holdings include non-RSU common stock and aggregate vested and unvested RSUs previously reported.
• Relevant footnotes:
  • F1: RSUs represent contingent rights to receive one share on vesting.
  • F2: Holdings include previously reported vested and unvested RSUs.
  • F3: The exercised instruments were options granted under the 2016 Equity Incentive Plan.
• Timeliness: The report was filed on 2026-06-23 for a 2026-06-18 transaction (filed after the typical 2-business-day Form 4 window), so this filing appears late.

Context

• This was an exercise/conversion of derivative instruments (options/RSU conversion), not an open-market sale — no proceeds from a sale are reported. Such exercises are common for insiders to convert vested awards into shares; they are factual transactions and do not by themselves indicate a change in sentiment.