Form 4 for AMBA AMBARELLA INC
Accepted 2023-03-17 00:00:00 ET · period of report 2023-03-15 · accession 0001280263-23-000019 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-03-17 | 2023-03-15 | AMBA | Ju Chi-Hong | Sr. VP, Systems | M - OptEx | — | +12.5K | 166.4K | +8% | — |
| D | 2023-03-17 | 2023-03-17 | AMBA | Ju Chi-Hong | Sr. VP, Systems | S - Sale+OE | $76.85 | -4,402 | 162.0K | -3% | -$338.3K |
| DM | 2023-03-17 | 2023-03-15 | AMBA | Ju Chi-Hong | Sr. VP, Systems | M - OptEx | $0.00 | -16.8K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Ordinary Shares | 2023-03-15 | M | A | 12,488 | — | 166,368 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares. (F2) Includes 191 shares acquired under the Company's employee stock purchase plan on March 15, 2023. |
| 2 | Common | Ordinary Shares | 2023-03-17 | S | D | 4,402 | $76.85 | 161,966 | D | — | — | (F3) Shares sold to pay tax obligations resulting from the vesting of restricted stock units. |
| 3 | Derivative | Restricted Stock Units | 2023-03-15 | M | D | 775 | $0.00 | 6,206 | D | — · — to 2025-03-15 | 775 Restricted Stock Units | (F1) Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares. (F7) The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2022. |
| 4 | Derivative | Restricted Stock Units | 2023-03-15 | M | D | 513 | $0.00 | 2,055 | D | — · — to 2024-03-15 | 513 Ordinary Shares | (F1) Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares. (F6) The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2021. |
| 5 | Derivative | Performance Stock Units | 2023-03-15 | M | D | 14,338 | $0.00 | 0 | D | — · — to 2023-03-15 | 14,338 Ordinary Shares | (F1) Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares. (F4) On March 25, 2020, reporting person was granted a performance-based RSU award covering a target number of ordinary shares (the "Target RSU Number"). Pursuant to time-based vesting requirements, the award would vest in full on March 15, 2023, subject to continued service requirements through such date. In addition, the number of shares subject to the award could be increased or decreased by up to 100% of the Target RSU Number, based on attainment of specified levels of the Company's total stockholder return over the period of February 1, 2020 through January 31, 2023 (the "TSR Period"). As a result of the Company's TSR performance over the TSR Period, the number of shares eligible to vest was 69.78% of the Target RSU Number. |
| 6 | Derivative | Restricted Stock Units | 2023-03-15 | M | D | 1,195 | $0.00 | 0 | D | — · — to 2023-03-15 | 1,195 Ordinary Shares | (F1) Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares. (F5) The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2020. |