Form 4 for AVPT AvePoint, Inc.
Accepted 2024-12-12 00:00:00 ET · period of report 2024-12-10 · accession 0001437749-24-037360 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2024-12-12 | 2024-12-10 | AVPT | Lu Zhijian | 10% | A - Grant | $18.37 | +227.2K | 18.37M | +1% | +$4.17M |
| 2024-12-12 | 2024-12-10 | AVPT | Lu Zhijian | 10% | F - Tax | $18.53 | -5,369 | 189.1K | -3% | -$99.5K | |
| M | 2024-12-12 | 2024-12-10 | AVPT | Lu Zhijian | 10% | A - Grant | $18.37 | +13.8K | 187.6K | +8% | +$252.9K |
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 | 2024-12-10 | A | A | 113,544 | $18.53 | 18,487,863 | I | — | — | (F2) Under the business combination agreement and plan of reorganization with Apex Technology Acquisition Corporation, Inc. and the other parties thereto, as amended, if at any time from July 1, 2021 through July 1, 2028, AvePoint's closing stock price is greater than or equal to $15.00 over any 20 trading days within any 30 day trading day period ("Second Milestone"), certain holders of AvePoint common stock and certain holders of AvePoint options, including the Reporting Person, shall be issued up to 1,000,000 shares of AvePoint common stock in the aggregate. The price was determined to be the closing price on December 9, 2024, the date the Second Milestone was achieved. (F5) Includes (i) 7,183,806 shares held by KEM Phoenix LLC, (ii) 6,422,273 shares held by Fire Stone Family Trust, (iii) 1,626,995 shares held by The Bridge Water Trust, (iv) 1,626,995 shares held by The Cherry Tree Trust, (v) 813,897 shares held by KEM Lily LLC, and (vi) 813,897 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. |
| 2 | Common | Common Stock | 2024-12-10 | A | A | 113,646 | $18.22 | 18,374,319 | I | — | — | (F1) Under the business combination agreement and plan of reorganization with Apex Technology Acquisition Corporation, Inc. and the other parties thereto, as amended, if at any time from July 1, 2021 through July 1, 2028, AvePoint's closing stock price is greater than or equal to $12.50 over any 20 trading days within any 30 day trading day period ("First Milestone"), certain holders of AvePoint common stock and certain holders of AvePoint options, including the Reporting Person, shall be issued up to 1,000,000 shares of AvePoint common stock in the aggregate. The price was determined to be the closing price on December 3, 2024, the date the First Milestone was achieved. |
| 3 | Common | Common Stock | 2024-12-10 | F | D | 5,369 | $18.53 | 189,069 | D | — | — | (F3) 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. (F4) 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. |
| 4 | Common | Common Stock | 2024-12-10 | A | A | 6,881 | $18.53 | 194,438 | D Held by Trusts and LLCs | — | — | (F2) Under the business combination agreement and plan of reorganization with Apex Technology Acquisition Corporation, Inc. and the other parties thereto, as amended, if at any time from July 1, 2021 through July 1, 2028, AvePoint's closing stock price is greater than or equal to $15.00 over any 20 trading days within any 30 day trading day period ("Second Milestone"), certain holders of AvePoint common stock and certain holders of AvePoint options, including the Reporting Person, shall be issued up to 1,000,000 shares of AvePoint common stock in the aggregate. The price was determined to be the closing price on December 9, 2024, the date the Second Milestone was achieved. |
| 5 | Common | Common Stock | 2024-12-10 | A | A | 6,884 | $18.22 | 187,557 | D Held by Trusts and LLCs | — | — | (F1) Under the business combination agreement and plan of reorganization with Apex Technology Acquisition Corporation, Inc. and the other parties thereto, as amended, if at any time from July 1, 2021 through July 1, 2028, AvePoint's closing stock price is greater than or equal to $12.50 over any 20 trading days within any 30 day trading day period ("First Milestone"), certain holders of AvePoint common stock and certain holders of AvePoint options, including the Reporting Person, shall be issued up to 1,000,000 shares of AvePoint common stock in the aggregate. The price was determined to be the closing price on December 3, 2024, the date the First Milestone was achieved. |