Brown Brian Michael 4
4 · AvePoint, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
AvePoint (AVPT) CLO Brian Brown Sells 12,509 Shares (Tax Withholding)
What Happened
Brian Michael Brown, AvePoint's Chief Legal Officer and director, had 12,509 shares withheld by the company on March 13, 2026 to satisfy tax withholding related to vested restricted stock units (RSUs). The withheld lots were 5,010 shares at $10.43 ($52,254) and 7,499 shares at $10.43 ($78,215), a combined value of approximately $130,469. This was not a discretionary open-market sale but a withholding transaction incident to RSU vesting.
Key Details
- Transaction date: 2026-03-13; Price per share: $10.43.
- Shares withheld/disposed: 5,010 and 7,499 (total 12,509). Total value ≈ $130,469.
- Shares owned after transaction: not specified in the information provided (see the full Form 4 for total holdings).
- Footnotes:
- F1: RSUs represent contingent rights to receive one share upon vesting.
- F2: Transaction is exempt—shares were withheld by the issuer to satisfy tax withholding (net settlement), not a discretionary sale by the insider.
- F3: Reporting person’s holdings include non-RSU common stock and aggregate vested/unvested RSUs reported in earlier Form 4s.
- Filing date: 2026-03-17; filed within the typical two-business-day Form 4 deadline (timely).
Context
This was a routine tax-withholding/net-settlement event following RSU vesting (cashless retention of shares to cover tax liabilities), which is common and doesn’t necessarily indicate the insider’s view on the company. For purchase activity or discretionary sales, look for P- or S-coded transactions; F-coded filings reflect withholding or similar administrative dispositions.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-03-13$10.43/sh−5,010$52,254→ 637,305 total - Tax Payment
Common Stock
[F1][F2][F3]2026-03-13$10.43/sh−7,499$78,215→ 629,806 total
Footnotes (3)
- [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]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.
- [F3]Includes non-RSU common stock as well as aggregate vested and unvested RSUs held by the Reporting Person subject to the vesting schedules previously reported on Table I of Form 4s filed with the Securities and Exchange Commission on September 3, 2021, March 22, 2022, March 23, 2023, March 7, 2024 and March 18, 2025.