Ambarella (AMBA) grants VP 7,220 performance-based RSUs and shares
Rhea-AI Filing Summary
Chen Yun-Lung reported acquisition or exercise transactions in this Form 4 filing.
Ambarella Inc executive Yun-Lung Chen, VP of Business Development, reported an equity award made on March 2, 2026. He received 7,220 performance stock units and a corresponding grant of 7,220 ordinary shares at a price of $0.00 per share, bringing his direct holdings to 68,871 ordinary shares.
The restricted stock units vest at a rate of 1/12 per quarter starting March 15, 2026, while the performance-based RSUs are scheduled to vest on March 15, 2029, subject to continued service. The number of shares ultimately earned can range from 0% to 150% of the target amount, based on Ambarella’s total shareholder return and revenue growth from February 1, 2026 through January 31, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 7,220 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 7,220 | $0.00 | -- |
Footnotes (1)
- The restricted stock units vest at the rate of 1/12 per quarter commencing on March 15, 2026. Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares. 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, 2029, 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, 2026 through January 31, 2029.