Xunkai Gong - Jul 1, 2021 Form 4 Insider Report for Apex Technology Acquisition Corp (AVPT)

Role
Director, Executive Chairman, 10%+ Owner
Signature
/s/ Brian Leaf, Attorney-in-Fact
Stock symbol
AVPT
Transactions as of
Jul 1, 2021
Transactions value $
$0
Form type
4
Date filed
7/6/2021, 04:52 PM
Next filing
Sep 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVPT Common Stock Award $0 +5.83M $0.00 5.83M Jul 1, 2021 By LLCs F1, F2, F3
transaction AVPT Common Stock Award $0 +11.4M $0.00 11.4M Jul 1, 2021 By Trusts F1, F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVPT Stock Option (Right to Buy) Award $0 +949K $0.00 949K Jul 1, 2021 Common Stock 949K $1.34 Direct F5
transaction AVPT Stock Option (Right to Buy) Award $0 +521K $0.00 521K Jul 1, 2021 Common Stock 521K $1.59 Direct F6
transaction AVPT Stock Option (Right to Buy) Award $0 +1.86M $0.00 1.86M Jul 1, 2021 Common Stock 1.86M $3.91 Direct F7
transaction AVPT Stock Option (Right to Buy) Award $0 +444K $0.00 444K Jul 1, 2021 Common Stock 444K $3.91 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received on July 1, 2021 pursuant to that certain Business Combination Agreement and Plan of Reorganization ("BCA"), dated as of November 23, 2020, as amended on December 30, 2020, March 8, 2021 and May 18, 2021, by and among Apex Technology Acquisition Corporation ("Apex"), Athena Technology Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Apex, Athena Technology Merger Sub 2, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Apex and AvePoint, Inc. a Delaware corporation ("Former AvePoint") in exchange for Former AvePoint shares.
F2 The BCA provides that the former stockholders of Former AvePoint will receive additional shares of the Issuer's Common Stock if the Issuer's closing share price equals or exceeds $12.50, $15.00 and $17.50 for any 20 trading days within any consecutive 30-trading day period prior to July 1, 2028. The Reporting Person's right to receive additional shares pursuant to this earn-out became fixed and irrevocable on July 1, 2021, the effective date of the merger.
F3 804,757 of these shares are held by Cadenza Holdings LLC; 4,788,670 of these shares are held by Gicoso Holdings LLC; and 239,431 of these shares are held by Vivace Holdings LLC. The Reporting Person disclaims beneficial ownership with respect to the shares held by each of the limited liability companies being reported herein, except to the extent his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F4 7,384,552 of these shares are held by G Sonata Trust; 2,011,112 of these shares are held by The Purple Cove Trust and 2,011,112 of these shares are held by The Purple Harbor Trust. The Reporting Person is the Trustee of the Trusts being reported herein. The Reporting Person disclaims beneficial ownership with respect to the shares being reported herein, except to the extent his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F5 This option is fully vested and immediately exercisable.
F6 25% of the shares underlying this option vested on January 10, 2020; the remaining options vest and become exercisable in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date.
F7 25% of the shares underlying this option will vest on August 12, 2021; the remaining options vest and become exercisable in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date.