Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AMBA | Ordinary Shares | Award | $0 | +7.28K | +45.57% | $0.00 | 23.3K | Feb 29, 2024 | Direct | F1 |
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 | +7.28K | $0.00 | 7.28K | Feb 29, 2024 | Ordinary Shares | 7.28K | Direct | F2, F3 |
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. |