AvePoint (AVPT) Exec Chairman Gong Withholds 3,137 Shares for Taxes

What Happened
Gong Xunkai, AvePoint's Executive Chairman and a director, had 3,137 shares of common stock withheld to satisfy income tax withholding related to RSU vesting. The shares were valued at $12.66 each, for a total of approximately $39,714. This was a tax-withholding disposition (routine) tied to RSU vesting, not an open-market sale.

Key Details

• Transaction date: 2026-09-11; filing date: 2026-09-15 (filed within the two-business-day window).
• Price: $12.66 per share; total value withheld: ~$39,714.
• Shares reported disposed/withheld: 3,137 (transaction code F — tax withholding).
• Shares owned after transaction: not specified in the excerpt; see footnote F3 and prior Form 4s (listed filing dates in footnote) for aggregate holdings.
• Notable footnotes:
  • F1: The shares relate to RSUs under the 2021 Equity Incentive Plan (each RSU converts to one share upon vesting).
  • F2: The withholding is an exempt, non-discretionary transaction to satisfy tax obligations in connection with net settlement of RSUs.
  • F3: Holdings include non-RSU common stock and aggregate vested/unvested RSUs previously reported.

Context
This was a cashless/net-withholding of shares to cover taxes on vested RSUs, which is a standard administrative action and not typically interpreted as a personal decision to sell stock. Transaction code F indicates tax withholding rather than a market sale (S) or a purchase (P).