John A. Young - Feb 1, 2024 Form 3 Insider Report for AMBARELLA INC (AMBA)

Role
CFO
Signature
By: /s/ Michael Morehead, Attorney-in-Fact For: John A. Young
Stock symbol
AMBA
Transactions as of
Feb 1, 2024
Transactions value $
$0
Form type
3
Date filed
2/2/2024, 02:29 PM
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AMBA Ordinary Shares 91.6K Feb 1, 2024 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
holding AMBA Non-Qualified Stock Option (right to buy) Feb 1, 2024 Ordinary Shares 25K $55.80 Direct F2
holding AMBA Performance Stock Units Feb 1, 2024 Ordinary Shares 2.97K Direct F3, F4
holding AMBA Performance Stock Units Feb 1, 2024 Ordinary Shares 4.14K Direct F4, F5
holding AMBA Performance Stock Units Feb 1, 2024 Ordinary Shares 3.56K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A portion of the shares reported in column 2 remain subject to quarterly time-based vesting requirements.
F2 25% of the Shares subject to the option vest on March 27, 2018 and 1/48 of the shares vest monthly thereafter.
F3 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 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.
F4 Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
F5 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.
F6 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, 2026, subject to continued service requirements through such date. In addition, the number of shares subject to the RSUs may be decreased by up to 100% or increased by up to 150% of the Target RSU Number or may remain the same, based on the Company's total shareholder return and revenue growth rate over the period of February 1, 2023 through January 31, 2026.