Ambarella (AMBA) CEO nets RSU vesting, sells 27,059 shares while retaining 838,561
Rhea-AI Filing Summary
Ambarella CEO Feng-Ming Wang reported a mix of equity award activity and share sales. On March 17, 2026, he exercised 27,598 Performance Stock Units, receiving the same number of Ordinary Shares, then sold 18,976 Ordinary Shares at $52.77 per share. A footnote explains these shares were sold to cover tax obligations from restricted stock unit vesting.
On March 18, 2026, he received a fully vested bonus award of 15,686 restricted stock units, each convertible into one Ordinary Share. On March 19, 2026, he sold an additional 8,083 Ordinary Shares at $54.14 per share in an open-market transaction. Following these transactions, Wang directly holds 838,561 Ordinary Shares.
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Insights
CEO activity combines routine equity vesting with modest net share sales.
The CEO of Ambarella reported multiple linked transactions. A performance-based RSU grant vested at 100% of its target level after the company’s total stockholder return and revenue growth performance over the February 2023–January 2026 period, leading to the conversion of 27,598 units into Ordinary Shares.
He then sold 18,976 shares, explicitly described as covering tax obligations from restricted stock unit vesting, plus another 8,083 shares in an open-market sale. He also received a fully vested bonus award of 15,686 RSUs. With 838,561 Ordinary Shares held afterward and no remaining derivative position reported, this looks like routine compensation vesting and partial monetization rather than a transformative stake change.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 8,083 | $54.14 | $438K |
| Grant/Award | Ordinary Shares | 15,686 | $0.00 | -- |
| Exercise | Performance Stock Units | 27,598 | $0.00 | -- |
| Exercise | Ordinary Shares | 27,598 | $0.00 | -- |
| Sale | Ordinary Shares | 18,976 | $52.77 | $1.00M |
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.
