Chan W. Lee - Apr 11, 2022 Form 4 Insider Report for AMBARELLA INC (AMBA)

Role
Chief Operating Officer
Signature
By: /s/ Michael Morehead, Attorney-in-Fact For: Chan W. Lee
Stock symbol
AMBA
Transactions as of
Apr 11, 2022
Transactions value $
$0
Form type
4
Date filed
4/19/2022, 06:15 PM
Previous filing
Mar 18, 2022
Next filing
Jun 17, 2022

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
transaction AMBA Performance Stock Units Award $0 +12.9K $0.00 12.9K Apr 11, 2022 Ordinary Shares 12.9K Direct F1, F2
transaction AMBA Restricted Stock Units Award $0 +12.9K $0.00 12.9K Apr 11, 2022 Ordinary Shares 12.9K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
F2 Reporting person was granted an award of performance-based RSUs covering a target number of ordinary shares (the "Target RSU Number"). Pursuant to time-based vesting requirements, 100% of the Target RSU Number is scheduled to vest on March 15, 2025, 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 shareholder return over the period of February 1, 2022 through January 31, 2025.
F3 The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2022.