AMBARELLA INC — Director's Dealing 2021

Mar 31, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMBARELLA INC (AMBA)
CIK: 0001280263
Period of Report: 2021-03-04

Reporting Person: Wang Feng-Ming (Director, CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-04	Performance Stock Units	$	A	17609	Acquired	2024-03-15	Ordinary Shares (17609)	Direct
2021-03-04	Restricted Stock Units	$	A	17609	Acquired		Ordinary Shares (17609)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.

F2: Reporting person was granted an award of performance-based RSUs covering a target of 17,609 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.

F3: The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2021.