Form 4 for AVPT AvePoint, Inc.
Accepted 2021-07-06 00:00:00 ET · period of report 2021-07-01 · accession 0001209191-21-045533 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-07-06 | 2021-07-01 | AVPT | Brown Brian Michael | COO, GC, Dir | A - Grant | $0.00 | +1.82M | 90.3K | New | $0 |
| DM | 2021-07-06 | 2021-07-01 | AVPT | Brown Brian Michael | COO, GC, Dir | A - Grant | $0.00 | +1.35M | 190.6K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-07-01 | A | A | 1,732,488 | $0.00 | 1,822,792 | D | — | — | (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. |
| 2 | Common | Common Stock | 2021-07-01 | A | A | 90,304 | $0.00 | 90,304 | D | — | — | (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. (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. |
| 3 | Derivative | Stock Option (Right to Buy) | 2021-07-01 | A | A | 82,803 | $0.00 | 82,803 | D | $1.34 · — to 2026-07-01 | 82,803 Common Stock | (F4) This option is fully vested and immediately exercisable. |
| 4 | Derivative | Stock Option (Right to Buy) | 2021-07-01 | A | A | 794,702 | $0.00 | 794,702 | D | $3.91 · — to 2030-08-12 | 794,702 Common Stock | (F6) 25% of the shares underlying this will vest 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. |
| 5 | Derivative | Stock Option (Right to Buy) | 2021-07-01 | A | A | 282,480 | $0.00 | 282,480 | D | $3.91 · — to 2030-08-12 | 282,480 Common Stock | (F4) This option is fully vested and immediately exercisable. |
| 6 | Derivative | Stock Option (Right to Buy) | 2021-07-01 | A | A | 190,647 | $0.00 | 190,647 | D | $1.59 · — to 2029-01-10 | 190,647 Common Stock | (F5) 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. |