Jeff Teper - 10 Dec 2024 Form 4 Insider Report for AvePoint, Inc. (AVPT)

Role
Director
Signature
/s/ Brian Michael Brown, Attorney-in-Fact
Issuer symbol
AVPT
Transactions as of
10 Dec 2024
Transactions value $
$110,250
Form type
4
Filing time
12 Dec 2024, 16:27:15 UTC
Previous filing
04 Jun 2024
Next filing
26 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVPT Common Stock Award $54.7K +3K +0.97% $18.22 311K 10 Dec 2024 Direct F1
transaction AVPT Common Stock Award $55.6K +3K +0.96% $18.53 314K 10 Dec 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
F3 Includes non-RSU common stock as well as unvested RSUs held by the Reporting Person subject to the vesting schedule previously reported on Table I of Form 4 filed with the Securities and Exchange Commission on June 4, 2024.