Chan W. Lee - Feb 29, 2024 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: Feb 29, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/4/2024, 05:36 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	+22.8K	+22.46%	$0.00	124K	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	+22.8K		$0.00	22.8K	Feb 29, 2024	Ordinary Shares	22.8K		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.