Brown Brian Michael 4

What Happened

• Brian Michael Brown, Chief Legal Officer and Director of AvePoint (AVPT), received two awards on March 16, 2026 totaling 190,115 restricted stock units (RSUs) (142,586 and 47,529 shares) at $0 per share (non‑cash compensation).
• On March 17, 2026 he reported exercise/conversion of derivative instruments for 1,803 shares (acquired) and a corresponding derivative disposition of 1,803 shares, both reported at $0. These entries are recorded as an award (A) and exercise/conversion of a derivative (M), not open‑market purchases or standard cash sales.

Key Details

• Transaction dates: RSU grants on 2026-03-16; exercise/conversion and derivative disposition on 2026-03-17. Filing date: 2026-03-18 (report period 2026-03-16).
• Prices / reported values: all entries reported at $0 per share (typical for RSU grants and certain option conversions/net settlements).
• Shares reported granted: 142,586 RSUs + 47,529 RSUs = 190,115 RSUs. Derivative shares: 1,803 exercised/converted (and 1,803 derivative disposition) reported.
• Holdings after transaction: the filing references aggregate holdings (vested and unvested RSUs and non‑RSU common stock) per footnote but does not state a single consolidated post‑transaction total in the provided summary.
• Relevant footnotes:
  • F1: RSUs represent contingent rights to receive one share upon vesting.
  • F2: Vesting schedule — 25% vests March 15, 2027, remaining vests quarterly thereafter, subject to continued service.
  • F4: Some awards are performance‑based RSUs (PRSUs) tied to ARR growth (70%) and FY2028 GAAP profitability (30%) with payouts possible from 50%–200% of target, vesting upon committee certification.
  • F5: Options reported relate to prior grants under the 2016 equity plan that were exercised.
• Timeliness: Filing was made 2 days after the primary grant date, consistent with timely reporting.

Context for Retail Investors

• RSU grants are compensation, not direct purchases by the insider; they indicate company compensation decisions rather than an immediate cash investment by the insider.
• Exercise/conversion entries (M) indicate the insider converted derivative rights into shares; the same‑day derivative disposition was reported but the filing does not specify whether that was a sale to cover taxes, a net settlement, or another administrative disposition.
• Purchases by insiders typically carry more direct signaling value than grants; here the primary activity is compensation (RSUs) plus a small derivative conversion.