Brian Michael Brown - Mar 14, 2025 Form 4 Insider Report for AvePoint, Inc. (AVPT)

Signature
/s/ Brian Michael Brown
Stock symbol
AVPT
Transactions as of
Mar 14, 2025
Transactions value $
$1,299,990
Form type
4
Date filed
3/18/2025, 04:30 PM
Previous filing
Mar 17, 2025
Next filing
Mar 25, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVPT Common Stock Award $975K +66.5K +5.14% $14.66 1.36M Mar 14, 2025 Direct F1, F2, F3
transaction AVPT Common Stock Award $325K +22.2K +1.63% $14.66 1.38M Mar 14, 2025 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 25% of the RSUs will vest on March 14, 2026, and the remaining RSUs vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.
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 and March 7, 2024.
F4 Represents performance-based RSUs ("PRSUs") based upon two metrics: Annual recurring revenue compounded annual growth rate for the years 2025-2027 (70% weighted) and FY 2027 GAAP profitability (30% weighted). Actual payouts may represent 50% to 150% of granted value. These PRSUs will fully vest on March 14, 2028.