Brian Michael Brown - Jul 1, 2021 Form 4 Insider Report for Apex Technology Acquisition Corp (AVPT)

Role
COO and General Counsel, Director
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, 04:54 PM
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVPT Common Stock Award $0 +90.3K $0.00 90.3K Jul 1, 2021 Direct F1, F2
transaction AVPT Common Stock Award $0 +1.73M +1918.51% $0.00 1.82M Jul 1, 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 +82.8K $0.00 82.8K Jul 1, 2021 Common Stock 82.8K $1.34 Direct F4
transaction AVPT Stock Option (Right to Buy) Award $0 +191K $0.00 191K Jul 1, 2021 Common Stock 191K $1.59 Direct F5
transaction AVPT Stock Option (Right to Buy) Award $0 +795K $0.00 795K Jul 1, 2021 Common Stock 795K $3.91 Direct F6
transaction AVPT Stock Option (Right to Buy) Award $0 +282K $0.00 282K Jul 1, 2021 Common Stock 282K $3.91 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.