Tianyi Jiang - 17 Aug 2021 Form 4 Insider Report for AvePoint, Inc. (AVPT)

Role: Chief Executive Officer, Director
Signature: /s/ Brian Brown, Attorney-in-Fact
Issuer symbol: AVPT
Transactions as of: 17 Aug 2021
Transactions value $: $936,450
Form type: 4
Filing time: 19 Aug 2021, 17:38:24 UTC
Previous filing: 06 Jul 2021
Next filing: 03 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVPT	Common Stock	Purchase	$936,450	+100,000	+0.59%	$9.36	17,079,834	17 Aug 2021	By Spouse	F4, F5
holding	AVPT	Common Stock						6,536,170	17 Aug 2021	By LLCs	F1
holding	AVPT	Common Stock						7,755,257	17 Aug 2021	By GRAT	F2
holding	AVPT	Common Stock						1,862,424	17 Aug 2021	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	AVPT	Stock Option (Right to Buy)						869,144	17 Aug 2021	Common Stock	869,144	$1.34	Direct	F6
holding	AVPT	Stock Option (Right to Buy)						521,486	17 Aug 2021	Common Stock	521,486	$1.59	Direct	F7
holding	AVPT	Stock Option (Right to Buy)						2,913,701	17 Aug 2021	Common Stock	2,913,701	$3.9	Direct	F8
holding	AVPT	Stock Option (Right to Buy)						259,840	17 Aug 2021	Common Stock	259,840	$3.9	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	2,633,766 of these shares are held by Red Kite LLC, and 3,902,404 of these shares are held by River Valley Ltd. The Reporting Person disclaims beneficial ownership with respect to the shares held by each of the limited liability companies, 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 of the reported shares for purposes of Section 16 or for any other purpose.
F2	These shares are held by the Capella 2021 GRAT (the "GRAT"). The Reporting Person disclaims beneficial ownership with respect to the shares held by the GRAT, 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 of the reported shares for purposes of Section 16 or for any other purpose
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.
F4	These shares are held by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership with respect to the shares held by his spouse, 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 of the reported shares for purposes of Section 16 or for any other purpose.
F5	This represents the aggregate share holdings of the Reporting Person as of the date hereof, consisting of (i) 7,755,257 shares held by the Capella 2021 GRAT, of which the Reporting Person is trustee, (ii) 3,902,404 shares held by River Valley Ltd, (iii) 2,633,766 shares held by Red Kite LLC, (iv) 825,983 shares underlying options exercisable within 60 days of July 1, 2021, (v) 100,000 shares held by Reporting Person's spouse, and (vi) 1,862,424 shares which the Reporting Person is entitled to receive on the earlier of (A) July 1, 2022 and (B) specified events including change of control of the Issuer, separation of service and the Reporting Person's disability or death, pursuant to an agreement with the Issuer dated June 30, 2021.
F6	This option is fully vested and immediately exercisable.
F7	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.
F8	25% of the shares underlying this option vested 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.