AvePoint (AVPT) CLO Brian M. Brown Withholds Shares for Taxes

What Happened Brian Michael Brown, AvePoint’s Chief Legal Officer and a company director, had 6,885 shares of AvePoint common stock withheld to satisfy tax withholding obligations tied to RSU vesting. The withholding occurred in two transactions: 5,010 shares withheld at $12.66 each for $63,427 (9/11/2026) and 1,875 shares withheld at $13.60 each for $25,500 (9/14/2026). These were not open-market sales by the insider but withholding by the company to cover taxes upon vesting.

Key Details

• Transaction dates and amounts:
  • 2026-09-11: 5,010 shares @ $12.66 = $63,427
  • 2026-09-14: 1,875 shares @ $13.60 = $25,500
• Total withheld: 6,885 shares for $88,927.
• Shares owned after transaction: Not specified in the summary data provided here (see the filed Form 4 for total holdings).
• Footnotes:
  • F1: These shares relate to RSUs granted under the 2021 Equity Incentive Plan (each RSU converts to one share on vesting).
  • F2: Transaction exempt under Rule 16b-3 — shares were withheld by the issuer to satisfy tax withholding (not a discretionary sale).
  • F3: Reported holdings include non-RSU common stock and vested/unvested RSUs previously disclosed.
• Filing timeliness: Form 4 was filed 2026-09-15 covering transactions on 9/11 and 9/14; this filing appears timely under Form 4 reporting rules.

Context This was a routine tax-withholding/net-settlement event tied to RSU vesting (a common occurrence when equity awards vest). It does not indicate an open-market sale or a discretionary decision to liquidate shares by the insider. For full ownership details and the original RSU grant/vesting schedules, consult the referenced Form 4 and prior filings.