Chan W. Lee - 01 Sep 2021 Form 3 Insider Report for AMBARELLA INC (AMBA)

Role
Chief Operating Officer
Signature
By: /s/ Michael Morehead, Attorney-in-Fact For: Chan W. Lee
Issuer symbol
AMBA
Transactions as of
01 Sep 2021
Net transactions value
$0
Form type
3
Filing time
14 Sep 2021, 19:40:48 UTC
Next filing
17 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AMBA Ordinary Shares 19,502 01 Sep 2021 Direct

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 AMBA Performance Stock Units 01 Sep 2021 Ordinary Shares 29,670 Direct F1, F2
holding AMBA Performance Stock Units 01 Sep 2021 Ordinary Shares 26,850 Direct F2, F3
holding AMBA Performance Stock Units 01 Sep 2021 Ordinary Shares 8,805 Direct F2, F4
holding AMBA Restricted Stock Units 01 Sep 2021 Ordinary Shares 7,418 Direct F2, F5
holding AMBA Restricted Stock Units 01 Sep 2021 Ordinary Shares 15,663 Direct F2, F6
holding AMBA Restricted Stock Units 01 Sep 2021 Ordinary Shares 8,072 Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person was granted an award of performance-based RSUs covering a target of 29,670 ordinary shares (the "Target RSU Number"). Pursuant to time-based vesting requirements, 100% of this award is scheduled to vest on March 15, 2022, subject to continued service requirements through such date. In addition, the number of shares subject to the RSUs may be increased or decreased by up to 100% of the Target RSU Number or may remain the same, based on attainment of specified levels of the Company's total stockholder return over the period of February 1, 2019 through January 31, 2022.
F2 Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
F3 Reporting person was granted an award of performance-based RSUs covering a target of 26,850 ordinary shares (the "Target RSU Number"). Pursuant to time-based vesting requirements, 100% of this award is scheduled to vest on March 15, 2023, subject to continued service requirements through such date. In addition, the number of shares subject to the RSUs may be increased or decreased by up to 100% of the Target RSU Number or may remain the same, based on attainment of specified levels of the Company's total stockholder return over the period of February 1, 2020 through January 31, 2023.
F4 Reporting person was granted an award of performance-based RSUs covering a target of 8,805 ordinary shares (the "Target RSU Number"). Pursuant to time-based vesting requirements, 100% of this award is scheduled to vest on March 15, 2024, subject to continued service requirements through such date. In addition, the number of shares subject to the RSUs may be increased or decreased by up to 100% of the Target RSU Number or may remain the same, based on attainment of specified levels of the Company's total stockholder return over the period of February 1, 2021 through January 31, 2024.
F5 The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2019.
F6 The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2020.
F7 The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2021.