Amplitude, Inc. (NASDAQ: AMPL) CTO Liu gifts 350,000 Class B shares, retains large stake
Rhea-AI Filing Summary
Amplitude, Inc. director and Chief Technology Officer Curtis Liu, a ten percent owner, reported two bona fide gift transfers of derivative securities on July 8, 2026. The gifts involved an aggregate of 350,000 shares of Class B Common Stock, in two blocks of 175,000 shares. These transfers were non-market gifts, and no value was received for the shares. After the transactions, Liu indirectly holds 7,207,208 shares of Class B Common Stock through a trust and 175,000 shares through his spouse. The Class B Common Stock is convertible into Class A Common Stock on a one-to-one basis and is subject to automatic conversion upon specified events.
Positive
- None.
Negative
- None.
Insights
Liu reported non-market gifts totaling 350,000 Class B shares; economic impact appears limited.
Curtis Liu, Chief Technology Officer and ten percent owner of Amplitude, Inc., reported two bona fide gifts totaling 350,000 shares of Class B Common Stock on July 8, 2026. Each gift covered 175,000 shares and is classified as a derivative transaction tied to Class A Common Stock on a one-to-one conversion basis.
Footnotes state the gifts were from a trust he controls to his spouse, were not market transactions, and that no value was received for the shares. Following these transfers, Liu still indirectly holds 7,207,208 Class B shares via a trust and 175,000 via his spouse, indicating a substantial continuing ownership position. As non-market gifts, these dispositions typically carry limited informational value about views on the company’s prospects.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 175,000 | $0.00 | -- |
| Gift | Class B Common Stock | 175,000 | $0.00 | -- |
Footnotes (1)
- The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will convert automatically into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (a) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (b) the death or incapacity of the reporting person, (c) the date that is six months following the date on which the reporting person is no longer an employee or director of the Issuer (unless such reporting person has rejoined the Issuer during such six-month period) or (d) the date that is six months following the date on which none of the Issuer's founders is an employee or director of the Issuer (unless a founder has rejoined the Issuer during such six-month period). This transaction involved a gift of securities by the trust to the reporting person's spouse. This is not a market transaction, thus no price has been reported. No value was received for the gifted shares. Securities held by a trust over which the reporting person exercises voting and dispositive control.