AvePoint (AVPT) CLO Brian M. Brown Sells 10,000 Shares

What Happened
Brian M. Brown, Chief Legal Officer and director of AvePoint (AVPT), sold 10,000 shares on 2026-09-23 at $13.07 per share for total proceeds of $130,700. The transaction is reported as a sale (code S).

Key Details

• Transaction date: 2026-09-23; Price: $13.07; Value: $130,700.
• Transaction type: Open-market or private sale (reported as "S").
• Plan note: The sale was executed under a Rule 10b5-1 trading plan adopted by Mr. Brown on December 16, 2025 (Footnote F1).
• Trust note: Mr. Brown is trustee of the Brian M. Brown Revocable Trust; the filing discloses the trust relationship and includes a disclaimer regarding beneficial ownership (Footnote F2).
• Shares owned after the transaction: not specified in the provided filing details.
• Filing date: 2026-09-25 — filed within the typical two-business-day Form 4 window (timely).

Context
A 10b5-1 plan indicates the trade was pre-scheduled, which commonly reduces inference that the sale was based on nonpublic information. Insider sales are routine and do not necessarily signal a change in sentiment; purchases are generally considered more informative about insider conviction.