| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AVPT | Common Stock | Sale | -$119K | -10K | -0.05% | $11.91 | 18.4M | Sep 19, 2024 | By Trusts and LLCs | F1 |
| transaction | AVPT | Common Stock | Sale | -$119K | -10K | -0.05% | $11.94 | 18.4M | Sep 20, 2024 | By Trusts and LLCs | F1 |
| transaction | AVPT | Common Stock | Sale | -$119K | -10K | -0.05% | $11.90 | 18.4M | Sep 23, 2024 | By Trusts and LLCs | F1, F2 |
| transaction | AVPT | Common Stock | Tax liability | -$8.61K | -721 | -0.4% | $11.94 | 181K | Sep 21, 2024 | Direct | F3, F4, F5 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sale transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2024. |
| F2 | Includes (i) 7,102,219 shares held by KEM Phoenix LLC, (ii) 6,451,492 shares held by Fire Stone Family Trust, (iii) 1,608,724 shares held by The Bridge Water Trust, (iv) 1,608,724 shares held by The Cherry Tree Trust, (v) 804,757 shares held by KEM Lily LLC, and (vi) 804,757 shares held by KEM Rose LLC. The Reporting Person disclaims beneficial ownership with respect to the shares held by each trust and LLC, 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 the reported shares for the purposes of Section 16 or for any other purpose. |
| F3 | 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. |
| 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 | Includes aggregate vested and unvested RSUs held by the Reporting Person. Previously, the Reporting Person was granted an aggregate of 151,354 RSUs. Each of the Reporting Person's RSU grant awards vest on the following schedule: 25% after 1 year and the remaining vest in 12 equal quarterly installments thereafter. |