Chan W. Lee - Mar 15, 2023 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
Mar 15, 2023
Transactions value $
-$724,696
Form type
4
Date filed
3/17/2023, 08:53 PM
Previous filing
Mar 6, 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 +22.8K +33.97% 89.9K Mar 15, 2023 Direct F1, F2
transaction AMBA Ordinary Shares Sale -$725K -9.43K -10.49% $76.85 80.4K Mar 17, 2023 Direct F3

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 -26.9K -100% $0.00* 0 Mar 15, 2023 Ordinary Shares 26.9K Direct F1, F4
transaction AMBA Restricted Stock Units Options Exercise $0 -2.24K -100% $0.00* 0 Mar 15, 2023 Ordinary Shares 2.24K Direct F1, F5
transaction AMBA Restricted Stock Units Options Exercise $0 -734 -20.01% $0.00 2.94K Mar 15, 2023 Ordinary Shares 734 Direct F1, F6
transaction AMBA Restricted Stock Units Options Exercise $0 -1.08K -11.11% $0.00 8.62K Mar 15, 2023 Ordinary Shares 1.08K Direct F1, F7
* 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 Includes 191 shares acquired under the Company's employee stock purchase plan on March 15, 2023.
F3 Shares sold to pay tax obligations resulting from the vesting of restricted stock units.
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.
F5 The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2020.
F6 The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2021.
F7 The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2022.