Lu Zhijian - 01 Jul 2021 Form 4 Insider Report for AvePoint, Inc. (AVPT)

Role: 10%+ Owner
Signature: /s/ Katie A. Kazem, attorney-in-fact
Issuer symbol: AVPT
Transactions as of: 01 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 02 Aug 2021, 16:09:09 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	+51,392		$0.000000	51,392	01 Jul 2021	Direct	F1, F2
transaction	AVPT	Common Stock	Award	$0	+9,708,154	+18890%	$0.000000	9,759,546	01 Jul 2021	By Trusts	F1, F2, F3
transaction	AVPT	Common Stock	Award	$0	+8,792,519	+90%	$0.000000	18,552,065	01 Jul 2021	By LLCs	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	+505,616		$0.000000	505,616	01 Jul 2021	Common Stock	505,616	$1.34	Direct	F5
transaction	AVPT	Stock Option (right to buy)	Award	$0	+391,115		$0.000000	301,115	01 Jul 2021	Common Stock	391,115	$1.59	Direct	F6
transaction	AVPT	Stock Option (right to buy)	Award	$0	+264,257		$0.000000	264,257	01 Jul 2021	Common Stock	264,257	$3.90	Direct	F7

* 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	These shares are held by The Bridge Water Trust, Fire Stone Family Trust and The Cherry Tree Trust. The Reporting Person disclaims beneficial ownership with respect to the shares held by these trusts, except to the extent of 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	These shares are held by KEM Lily LLC, KEM Phoenix LLC and KEM Rose LLC. The Reporting Person disclaims beneficial ownership with respect to the shares held by these limited liability companies, except to the extent of 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	The shares underlying this option are fully vested.
F6	25% of the shares underlying this option vested on January 10, 2020 and the remaining 75% of the shares underlying this option vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each vesting date.
F7	25% of the shares underlying this option will vest on August 12, 2021 and the remaining 75% of the shares underlying this option vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each vesting date.