Filing Details
- Accession Number:
- 0001280263-23-000021
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-17 20:53:19
- Reporting Period:
- 2023-03-15
- Accepted Time:
- 2023-03-17 20:53:19
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1280263 | Ambarella Inc | AMBA | Semiconductors & Related Devices (3674) | 980459628 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1882825 | W Chan Lee | 3101 Jay Street Santa Clara CA 95054 | Chief Operating Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Acquisiton | 2023-03-15 | 22,785 | $0.00 | 89,867 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2023-03-17 | 9,430 | $76.85 | 80,437 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Performance Stock Units | Disposition | 2023-03-15 | 26,850 | $0.00 | 26,850 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2023-03-15 | 2,238 | $0.00 | 2,238 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2023-03-15 | 734 | $0.00 | 734 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2023-03-15 | 1,077 | $0.00 | 1,077 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2023-03-15 | No | 4 | M | Direct | |
| 0 | 2023-03-15 | No | 4 | M | Direct | |
| 2,935 | 2024-03-15 | No | 4 | M | Direct | |
| 8,619 | 2025-03-15 | No | 4 | M | Direct |
Footnotes
- Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
- Includes 191 shares acquired under the Company's employee stock purchase plan on March 15, 2023.
- Shares sold to pay tax obligations resulting from the vesting of restricted stock units.
- 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.
- The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2020.
- The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2021.
- The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2022.
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