Yun-Lung Chen - Mar 15, 2023 Form 4 Insider Report for AMBARELLA INC (AMBA)

Role
VP, Business Development
Signature
By: /s/ Michael Morehead, Attorney-in-Fact For: Yun-Lung Chen
Stock symbol
AMBA
Transactions as of
Mar 15, 2023
Transactions value $
$0
Form type
4
Date filed
3/17/2023, 04:53 PM
Previous filing
Mar 10, 2023
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMBA Ordinary Shares Options Exercise +7.34K +15.85% 53.7K Mar 15, 2023 Direct F1

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 Options Exercise $0 -8.54K -100% $0.00* 0 Mar 15, 2023 Ordinary Shares 8.54K Direct F1, F2
transaction AMBA Restricted Stock Units Options Exercise $0 -712 -100% $0.00* 0 Mar 15, 2023 Ordinary Shares 712 Direct F1, F3
transaction AMBA Restricted Stock Units Options Exercise $0 -294 -20.03% $0.00 1.17K Mar 15, 2023 Ordinary Shares 294 Direct F1, F4
transaction AMBA Restricted Stock Units Options Exercise $0 -380 -11.13% $0.00 3.03K Mar 15, 2023 Ordinary Shares 380 Direct F1, F5
* 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 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.
F3 The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2020.
F4 The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2021.
F5 The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2022.