Jeff Teper - May 17, 2024 Form 4 Insider Report for AvePoint, Inc. (AVPT)

Role
Director
Signature
/s/ Brian Michael Brown, Attorney-in-Fact
Stock symbol
AVPT
Transactions as of
May 17, 2024
Transactions value $
$1,790,286
Form type
4
Date filed
5/21/2024, 06:19 PM
Previous filing
Jul 17, 2023
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVPT Common Stock Options Exercise $2.32M +264K +341.22% $8.78 342K May 17, 2024 Direct F1, F2, F3
transaction AVPT Common Stock Tax liability -$531K -60.4K -17.68% $8.78 281K May 17, 2024 Direct F1, F3, 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) Options Exercise $0 -264K -50.01% $0.00 264K May 17, 2024 Common Stock 264K $1.89 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This security represents the 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 This security represents options to purchase the Issuer's common stock granted to the Reporting Person under the Issuer's 2021 Equity Incentive Plan that have been exercised.
F3 Includes non-RSU common stock as well as aggregate vested and unvested RSUs held by the Reporting Person subject to the vesting schedule previously reported on Table I of Form 4 filed with the Securities and Exchange Commission on July 17, 2023.
F4 Exempt transaction consisting of the payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. The shares reported as disposed of in this Form 4 represent the number of shares of the Issuer's common stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the securities and does not represent a discretionary transaction by the Reporting Person.
F5 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.