AvePoint (AVPT) Exec Chairman Gong Xunkai Withholds 4,724 Shares for Taxes

What Happened
Gong Xunkai, Executive Chairman and Director of AvePoint (AVPT), had a total of 4,724 shares withheld by the company on September 4, 2026 to satisfy tax withholding obligations tied to the vesting/settlement of restricted stock units (RSUs). The filing shows two withholdings: 1,041 shares at $13.43 (worth $13,981) and 3,683 shares at $13.43 (worth $49,463), for a combined value of approximately $63,444. These were not open-market sales by the insider but shares retained by the issuer to cover taxes.

Key Details

• Transaction dates: September 4, 2026 (reported on Form 4 filed September 9, 2026).
• Withheld lots: 1,041 shares @ $13.43 = $13,981; 3,683 shares @ $13.43 = $49,463; total 4,724 shares ≈ $63,444.
• Transaction code/footnote: F / F2 — exempt tax-withholding transaction under Rule 16b-3 (shares withheld by issuer as part of net settlement).
• Security type: Common stock tied to RSUs (footnote F1 explains each RSU converts to one share upon vesting).
• Shares owned after transaction: Not specified in this filing; footnote F3 references prior Form 4s that list aggregate vested/unvested RSUs and common stock.
• This was a non-discretionary withholding to cover tax obligations, not a voluntary market sale.

Context
This is a routine tax-withholding event associated with RSU vesting (a form of net settlement). Such withholdings reduce the insider’s issued share count but do not necessarily signal a change in the insider’s view of the company; they are administrative steps to satisfy tax liabilities. Rule 16b-3 exemptions mean these transactions are standard and not subject to the same trading interpretations as open-market buys or sells.