Research Summary
AI-generated summary of this SEC filing
AvePoint (AVPT) CEO Jiang Tianyi Sells 2,914 Shares
What Happened
Jiang Tianyi, CEO of AvePoint, had 2,914 shares of common stock withheld on September 11, 2026 to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The shares were reported disposed at $12.66 each, for a total value of $36,891. This was an issuer-withheld, exempt transaction related to net settlement of RSUs (not an open-market sale or a discretionary trade).
Key Details
- Transaction date and price: 2026-09-11, 2,914 shares at $12.66 each (total $36,891).
- Transaction type/code: F — tax withholding/withheld shares incident to receipt/vesting of RSUs (exempt under Rule 16b-3).
- Footnotes:
- F1: Shares arise from RSUs granted under the 2021 Equity Incentive Plan; each RSU converts to one share on vesting.
- F2: The shares reported disposed were withheld by the issuer to satisfy income tax withholding for net settlement; not a discretionary sale.
- F3: The reporting person’s holdings include non‑RSU common stock and aggregate vested/unvested RSUs (see prior Form 4s for vesting schedules).
- Filing/timeliness: Form filed Sept 15, 2026 for a Sept 11 transaction (filed timely based on reported dates).
Context: This was a routine tax-withholding/net-settlement of RSUs rather than an open-market sale. Such withholdings reduce the reporting person’s share count but do not necessarily signal a voluntary decision to sell shares.