Ambarella (NASDAQ: AMBA) SVP reports RSU vesting, bonus grant and share sales
Rhea-AI Filing Summary
Ambarella Inc. executive Ju Chi-Hong reported a mix of stock awards, vesting, and modest share sales. On March 17, 2026, performance stock units covering 9,553 Ordinary Shares vested at 100% of the target level based on total stockholder return and revenue growth over a specified period, and were converted into Ordinary Shares. That same day, 4,729 Ordinary Shares were sold at $52.77 per share, with a footnote stating shares were sold to pay tax obligations from restricted stock unit vesting. On March 18, 2026, he received 5,930 fully vested restricted stock units as payment of his Fiscal Year 2026 annual bonus, each representing one Ordinary Share. On March 19, 2026, he sold 2,155 Ordinary Shares at $54.14 per share in open-market transactions. Following these transactions, Ju Chi-Hong holds 167,941 Ordinary Shares directly and 8,000 shares indirectly through a foundation, indicating the sales represent a small portion of his overall position.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 2,155 | $54.14 | $117K |
| Grant/Award | Ordinary Shares | 5,930 | $0.00 | -- |
| Exercise | Performance Stock Units | 9,553 | $0.00 | -- |
| Exercise | Ordinary Shares | 9,553 | $0.00 | -- |
| Sale | Ordinary Shares | 4,729 | $52.77 | $250K |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares. Includes 154 shares acquired under the Company's employee stock purchase plan on March 16, 2026. Shares sold to pay tax obligations resulting from the vesting of restricted stock units. Represents an award of fully-vested restricted stock units (RSUs) issued to reporting person as payment of reporting person's annual bonus under the company's previously established Fiscal Year 2026 Annual Bonus Plan. Each restricted stock unit represents a contingent right to receive one Ordinary Share. On April 3, 2023, reporting person was granted a performance-based RSU award covering a target number of ordinary shares (the "Target RSU Number"). Pursuant to time-based vesting requirements, the award would vest in full on March 15, 2026. In addition, the number of shares subject to the award could be decreased by up to 100% or increased by up to 150% of the Target RSU Number, based on attainment of specified levels of the Company's total stockholder return and revenue growth over the period of February 1, 2023 through January 31, 2026 (the "TSR Period"). As a result of the Company's performance over the TSR Period, the number of shares that vested was 100% of the Target RSU Number.
