Stephen Chang - Jan 2, 2024 Form 4 Insider Report for ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL)

Signature
/s/ Yanbing Hong, attorney-in-fact for Stephen Chang
Stock symbol
AOSL
Transactions as of
Jan 2, 2024
Transactions value $
-$224,735
Form type
4
Date filed
1/5/2024, 08:13 PM
Previous filing
Mar 17, 2023
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AOSL Common Share Award $0 +90K +23.83% $0.00 468K Jan 2, 2024 Direct F1, F2, F3, F4
transaction AOSL Common Share Tax liability -$225K -8.21K -1.76% $27.38 459K Jan 2, 2024 Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents market-based restricted share units (MRSUs) granted on July 1, 2018 upon the achievement of specified performance goals as certified previously by the Compensation Committee on February 22, 2023 and the issuance of shares thereunder is subject to vesting in four equal annual installment commencing in January 2024 provided that the Reporting Person remains in the issuers service through each such vesting date.
F2 Includes 14,512 unvested shares subject to the PSU granted on March 15, 2022 which are subject to vesting upon satisfaction of service-based vesting conditions by the Reporting Person.
F3 Includes an aggregate of 88,000 shares subject to Restricted Share Unit awards (RSU) granted on March 16, 2020, March 15, 2021, March 15, 2022, and March 15, 2023 which will be issued as such units vest in accordance with their terms, and excludes 63,150 unvested common shares subject to the PSU granted on March 15, 2023, which may become vested upon achievement of certain corporate performance goals in the future.
F4 Reflects 662 shares acquired under the Issuer's Employee Stock Purchase Plan on May 12, 2023.
F5 Shares withheld to satisfy the Issuer's tax withholding obligation upon the issuance and annual vesting of shares subject to MRSUs.