Feng-Ming Wang - Feb 29, 2024 Form 4 Insider Report for AMBARELLA INC (AMBA)

Role
CEO, Director
Signature
By: /s/ Michael Morehead, Attorney-in-Fact For: Feng-Ming Wang
Stock symbol
AMBA
Transactions as of
Feb 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 05:35 PM
Previous filing
Dec 21, 2023
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMBA Ordinary Shares Award $0 +45.9K +6.04% $0.00 806K Feb 29, 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
transaction AMBA Performance Stock Units Award $0 +45.9K $0.00 45.9K Feb 29, 2024 Ordinary Shares 45.9K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2024.
F2 Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
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 the Target RSU Number is scheduled to vest on March 15, 2027, 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, 2024 through January 31, 2027.