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AMBARELLA INC — Director's Dealing 2024
Feb 2, 2024
31250_dirs_2024-02-02_e0f56945-5869-48d9-ac88-b530402326a5.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: AMBARELLA INC (AMBA)
CIK: 0001280263
Period of Report: 2024-02-01
Reporting Person: Young John Alexander (CFO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Ordinary Shares | 91582 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy) | $55.8 | 2027-03-27 | Ordinary Shares (25000) | Direct | |
| Performance Stock Units | $ | 2024-03-15 | Ordinary Shares (2972) | Direct | |
| Performance Stock Units | $ | 2025-03-15 | Ordinary Shares (4137) | Direct | |
| Performance Stock Units | $ | 2026-03-15 | Ordinary Shares (3556) | Direct |
Footnotes
F1: A portion of the shares reported in column 2 remain subject to quarterly time-based vesting requirements.
F2: 25% of the Shares subject to the option vest on March 27, 2018 and 1/48 of the shares vest monthly thereafter.
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 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.
F4: Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares.
F5: 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.
F6: 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, 2026, 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, 2023 through January 31, 2026.