Xunkai Gong - Mar 5, 2024 Form 4 Insider Report for AvePoint, Inc. (AVPT)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Brian Michael Brown, Attorney-in-Fact
Stock symbol
AVPT
Transactions as of
Mar 5, 2024
Transactions value $
$1,752,802
Form type
4
Date filed
3/7/2024, 09:23 PM
Previous filing
Mar 4, 2024
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVPT Common Stock Award $0 +134K +28% $0.00 613K Mar 5, 2024 Direct F1, F2, 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 $1.75M +235K +4.83% $7.46 5.1M Mar 5, 2024 Common Stock 235K $7.46 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This security represents Issuer's common stock as well as restricted stock units (each, an "RSU") granted to the reporting person under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock
F2 Represents performance-based RSUs based upon two metrics: FY25 GAAP Profitability and Non-GAAP Rule of 40. Actual payouts may represent 50% to 150% of granted value. These performance-based RSUs will vest 50% on March 5, 2026 and then 25% annually after, using FY25 as the performance period.
F3 Includes aggregate vested and unvested RSUs held by the Reporting Person subject to the vesting schedules previously reported on Table I on a Form 4 filed with the Securities and Exchange Commission on September 3, 2021, March 22, 2022 and March 23, 2023.
F4 This security represents options to purchase the Issuer's common stock granted to the Reporting Person under the Issuer's 2021 Equity Incentive Plan.
F5 25% of the shares underlying this option will vest on March 5, 2025, and the remaining options vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.
F6 This security represents options to purchase the Issuer's common stock granted to the reporting person under the Issuer's 2021 Equity Incentive Plan. Each option represents the contingent right to receive, upon exercise of the option, one share of the Issuer's common stock.