Tianyi Jiang - Aug 17, 2021 Form 4 Insider Report for AvePoint, Inc. (AVPT)

Role
Chief Executive Officer, Director
Signature
/s/ Brian Brown, Attorney-in-Fact
Stock symbol
AVPT
Transactions as of
Aug 17, 2021
Transactions value $
$936,450
Form type
4
Date filed
8/19/2021, 05:38 PM
Previous filing
Jul 1, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVPT Common Stock Purchase $936K +100K +0.59% $9.36 17.1M Aug 17, 2021 By Spouse F4, F5
holding AVPT Common Stock 6.54M Aug 17, 2021 By LLCs F1
holding AVPT Common Stock 7.76M Aug 17, 2021 By GRAT F2
holding AVPT Common Stock 1.86M Aug 17, 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
holding AVPT Stock Option (Right to Buy) 869K Aug 17, 2021 Common Stock 869K $1.34 Direct F6
holding AVPT Stock Option (Right to Buy) 521K Aug 17, 2021 Common Stock 521K $1.59 Direct F7
holding AVPT Stock Option (Right to Buy) 2.91M Aug 17, 2021 Common Stock 2.91M $3.91 Direct F8
holding AVPT Stock Option (Right to Buy) 260K Aug 17, 2021 Common Stock 260K $3.91 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,633,766 of these shares are held by Red Kite LLC, and 3,902,404 of these shares are held by River Valley Ltd. The Reporting Person disclaims beneficial ownership with respect to the shares held by each of the limited liability companies, 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.
F2 These shares are held by the Capella 2021 GRAT (the "GRAT"). The Reporting Person disclaims beneficial ownership with respect to the shares held by the GRAT, 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
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 These shares are held by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership with respect to the shares held by his spouse, 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 represents the aggregate share holdings of the Reporting Person as of the date hereof, consisting of (i) 7,755,257 shares held by the Capella 2021 GRAT, of which the Reporting Person is trustee, (ii) 3,902,404 shares held by River Valley Ltd, (iii) 2,633,766 shares held by Red Kite LLC, (iv) 825,983 shares underlying options exercisable within 60 days of July 1, 2021, (v) 100,000 shares held by Reporting Person's spouse, and (vi) 1,862,424 shares which the Reporting Person is entitled to receive on the earlier of (A) July 1, 2022 and (B) specified events including change of control of the Issuer, separation of service and the Reporting Person's disability or death, pursuant to an agreement with the Issuer dated June 30, 2021.
F6 This option is fully vested and immediately exercisable.
F7 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.
F8 25% of the shares underlying this option vested 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.