Elizabeth M. Schwarting - Jun 15, 2023 Form 4 Insider Report for AMBARELLA INC (AMBA)

Role
Director
Signature
By: /s/ Michael Morehead, Attorney-in-Fact For: Elizabeth M. Schwarting
Stock symbol
AMBA
Transactions as of
Jun 15, 2023
Transactions value $
-$113,544
Form type
4
Date filed
6/20/2023, 04:02 PM
Previous filing
May 10, 2023
Next filing
Sep 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMBA Ordinary Shares Award $0 +1.56K +34.4% $0.00 6.09K Jun 15, 2023 Direct F1
transaction AMBA Ordinary Shares Sale -$114K -1.32K -21.74% $85.76 4.77K Jun 16, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The number of shares represented in column 4 was previously reported in Table II as restricted stock units.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 21, 2022.
F3 The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $85.75 to $85.77 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.