AvePoint (AVPT) Chief Legal Officer Brian Brown Sells 4,092 Shares (Tax Withholding)

What Happened
Brian Michael Brown, Chief Legal Officer and a director of AvePoint (AVPT), had 4,092 shares withheld by the company on Sept 4, 2026 to satisfy tax withholding related to vested restricted stock units (RSUs). The withholding consisted of three entries: 277 shares at $13.43 ($3,720), 981 shares at $13.43 ($13,175), and 2,834 shares at $13.43 ($38,061), for a total value of approximately $54,956. This was a tax-withholding/net settlement of RSUs (transaction code F), not an open-market sale initiated by the insider.

Key Details

• Transaction date: 2026-09-04; Filing date (Form 4): 2026-09-09 (appears filed 5 days after the transaction, which is later than the usual 2-business-day Form 4 deadline).
• Prices and amounts: 277 shares @ $13.43 ($3,720); 981 shares @ $13.43 ($13,175); 2,834 shares @ $13.43 ($38,061). Total = 4,092 shares, ~$54,956.
• Transaction type: F — shares withheld to satisfy tax liability on vesting/exercise (net settlement) under Rule 16b-3; not a discretionary sale by the reporting person.
• Footnotes: F1 explains these are RSUs (each RSU converts to one share upon vesting). F2 clarifies the shares were withheld by the issuer to cover withholding obligations. F3 notes aggregate holdings include non-RSU common stock and vested/unvested RSUs previously reported on earlier Form 4s (see filings from 2021–2026).
• Shares owned after transaction: not specified in the provided excerpt; filing references aggregate holdings previously reported (see F3 and prior Form 4s).

Context
This was a routine net-settlement tax withholding on vested RSUs — common when RSUs vest and companies withhold shares to cover income taxes. Such transactions are not the same as an insider selling shares on the open market and generally do not signal a change in the insider’s view of the company. Purchases or open-market sales are typically more informative about insider sentiment.