Brian Michael Brown - 01 Jul 2021 Form 4 Insider Report for Apex Technology Acquisition Corp (AVPT)

Role: COO and General Counsel, Director
Signature: /s/ Brian Leaf, Attorney-in-Fact
Issuer symbol: AVPT
Transactions as of: 01 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 06 Jul 2021, 16:54:12 UTC
Next filing: 03 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVPT	Common Stock	Award	$0	+90,304		$0.000000	90,304	01 Jul 2021	Direct	F1, F2
transaction	AVPT	Common Stock	Award	$0	+1,732,488	+1919%	$0.000000	1,822,792	01 Jul 2021	Direct	F3

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	+82,803		$0.000000	82,803	01 Jul 2021	Common Stock	82,803	$1.34	Direct	F4
transaction	AVPT	Stock Option (Right to Buy)	Award	$0	+190,647		$0.000000	190,647	01 Jul 2021	Common Stock	190,647	$1.59	Direct	F5
transaction	AVPT	Stock Option (Right to Buy)	Award	$0	+794,702		$0.000000	794,702	01 Jul 2021	Common Stock	794,702	$3.90	Direct	F6
transaction	AVPT	Stock Option (Right to Buy)	Award	$0	+282,480		$0.000000	282,480	01 Jul 2021	Common Stock	282,480	$3.90	Direct	F4

* 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	Pursuant to an agreement between the Issuer and the reporting person, dated as of June 30, 2021, the reporting person is entitled to receive these shares on the earlier of (i) July 1, 2022 and (ii) specified events including change of control of the Issuer, separation of service and the reporting person's disability or death.
F4	This option is fully vested and immediately exercisable.
F5	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.
F6	25% of the shares underlying this 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.