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AMBARELLA INC — Director's Dealing 2022
Apr 20, 2022
31250_dirs_2022-04-19_f225e313-e51e-4261-a435-7373a5216255.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AMBARELLA INC (AMBA)
CIK: 0001280263
Period of Report: 2022-04-17
Reporting Person: Wang Feng-Ming (Director, CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-04-17 | Performance Stock Units | $ | A | 26890 | Acquired | 2025-03-15 | Ordinary Shares (26890) | Direct |
| 2022-04-17 | Restricted Stock Units | $ | A | 26890 | Acquired | 2025-03-15 | Ordinary Shares (26890) | 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 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, 2025, 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 shareholder return over the period of February 1, 2022 through January 31, 2025.
F3: The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2022.