Amplitude (NASDAQ: AMPL) director receives 24,857 RSUs in equity award
Rhea-AI Filing Summary
Grady Patrick W reported acquisition or exercise transactions in this Form 4 filing.
Amplitude, Inc. director Patrick W. Grady reported a compensation-related grant of 24,857 restricted stock units (RSUs) for Class A Common Stock. The RSUs were granted at no cash cost and will vest in full on the earlier of June 9, 2027 or immediately before the company’s 2027 annual stockholders’ meeting, subject to his continued board service.
After this award, Grady directly holds 85,806 Class A shares (including the 24,857 RSUs). He also reports indirect ownership through several Sequoia Capital funds, which collectively hold multiple blocks of Amplitude Class A shares, while he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 24,857 shares
Net Buy
5 txns
Insider
Grady Patrick W
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 24,857 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 85,806 shares (Direct);
Class A Common Stock — 2,225,077 shares (Indirect, Sequoia Capital U.S. Growth Fund IX, L.P.);
Class A Common Stock — 242,788 shares (Indirect, Sequoia Capital U.S. Growth IX Principals Fund, L.P.);
Class A Common Stock — 95,885 shares (Indirect, Sequoia Capital U.S. Growth Partners Fund IX, L.P.);
Class A Common Stock — 235,201 shares (Indirect, Sequoia Capital U.S. Venture 2010-Seed Fund, L.P.)
Footnotes (4)
- F1. Represents restricted stock units ("RSUs") that were granted pursuant to the Issuer's Non-Employee Director Compensation Program. Each RSU represents a right to receive one share of Class A Common Stock. The RSUs will vest in full on the earlier of (i) June 9, 2027 or (ii) immediately before the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's continued service on the Board through such vesting date.
- F2. Includes 24,857 RSUs.
- F3. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Growth VIII Management, L.P. ("GFVIII Management"), which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P. ("GFVIII"), (ii) the general partner of SC U.S. Venture 2010 Management, L.P. ("USV2010 Management"), which is the general partner of Sequoia Capital U.S. Venture 2010-Seed Fund, L.P. ("USV 2010-Seed"), and (iii) the general partner of SC U.S. Growth IX Management, L.P. ("GFIX Management"), which is the general partner of Sequoia Capital U.S. Growth Fund IX, L.P., Sequoia Capital U.S. Growth Partners Fund IX, L.P., and Sequoia Capital U.S. Growth IX Principals Fund, L.P. (collectively, the "GFIX Funds").
- F4. (Continued from Footnote 3) The Reporting Person disclaims beneficial ownership of the shares held by GFVIII, USV 2010-Seed, and the GFIX Funds except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
Key Figures
RSUs granted: 24,857 RSUs
Grant price per share: $0.0000 per share
Direct holdings after grant: 85,806 shares
+5 more
8 metrics
RSUs granted
24,857 RSUs
Class A Common Stock grant under Non-Employee Director Compensation Program
Grant price per share
$0.0000 per share
Price for 24,857 RSUs of Class A Common Stock
Direct holdings after grant
85,806 shares
Class A Common Stock directly held following RSU award
US Venture 2010-Seed Fund holdings
235,201 shares
Class A Common Stock held indirectly via Sequoia Capital U.S. Venture 2010-Seed Fund, L.P.
Growth Partners Fund IX holdings
95,885 shares
Class A Common Stock held indirectly via Sequoia Capital U.S. Growth Partners Fund IX, L.P.
Growth IX Principals Fund holdings
242,788 shares
Class A Common Stock held indirectly via Sequoia Capital U.S. Growth IX Principals Fund, L.P.
Growth Fund IX holdings
2,225,077 shares
Class A Common Stock held indirectly via Sequoia Capital U.S. Growth Fund IX, L.P.
RSU vesting date
June 9, 2027
RSUs vest on earlier of June 9, 2027 or 2027 annual meeting
Key Terms
restricted stock units ("RSUs"), Non-Employee Director Compensation Program, pecuniary interest, beneficial ownership, +2 more
6 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") that were granted pursuant to the Issuer's Non-Employee Director Compensation Program."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Non-Employee Director Compensation Program financial
"RSUs that were granted pursuant to the Issuer's Non-Employee Director Compensation Program."
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"
beneficial ownership financial
"the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Class A Common Stock financial
"Each RSU represents a right to receive one share of Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Amplitude (AMPL) director Patrick W. Grady report in this Form 4?
Patrick W. Grady reported receiving 24,857 restricted stock units (RSUs) of Amplitude Class A Common Stock as a compensation grant. The filing also updates his direct and indirect share holdings across several Sequoia Capital investment funds.
How many Amplitude (AMPL) RSUs did Patrick W. Grady receive and when do they vest?
He received 24,857 RSUs that each convert into one share of Class A Common Stock. These RSUs vest in full on June 9, 2027, or immediately before Amplitude’s 2027 annual stockholders’ meeting, assuming he continues to serve on the board until that date.
How is Patrick W. Grady indirectly invested in Amplitude (AMPL) through Sequoia funds?
He is a director and stockholder of SC US (TTGP), Ltd., general partner to several Sequoia Capital U.S. funds that hold Amplitude shares. The filing lists share blocks for these funds, and he disclaims beneficial ownership beyond his pecuniary interest.
Is Patrick W. Grady’s Amplitude (AMPL) RSU grant part of a compensation program?
Yes. The 24,857 RSUs were granted under Amplitude’s Non-Employee Director Compensation Program. This program provides equity-based awards to directors, aligning their interests with stockholders through stock-linked compensation rather than cash payments alone.