Earnings Feed
Start Free
AMBARELLA INC·4

Mar 19, 6:41 PM ET

Lee Chan W 4

Research Summary

AI-generated summary

Updated

Ambarella (AMBA) COO Lee Chan W Sells Shares, Exercises RSUs

What Happened

  • Lee Chan W, Chief Operations Officer of Ambarella (AMBA), completed a mix of transactions around the March 17–19, 2026 period: he exercised/converted 13,678 derivative awards (performance-based RSUs that vested), was granted 7,320 fully‑vested RSUs as his FY2026 bonus, and sold a total of 10,370 shares in open-market transactions to cover tax obligations. The two sales were 6,729 shares at $52.77 (proceeds $355,089) on March 17 and 3,641 shares at $54.14 (proceeds $197,124) on March 19, totaling $552,213 in gross sale proceeds. The reporting also notes 154 shares acquired under the company ESPP.

Key Details

  • Transaction dates and prices:
    • 2026-03-17: Exercised/converted 13,678 derivative shares (M).
    • 2026-03-17: Sold 6,729 shares @ $52.77 — $355,089.
    • 2026-03-18: Awarded 7,320 RSUs (grant as annual bonus) — $0 cash outlay.
    • 2026-03-19: Sold 3,641 shares @ $54.14 — $197,124.
    • ESPP: 154 shares acquired March 16, 2026 (included in holdings).
  • Total open‑market sale proceeds: $552,213.
  • Shares sold were identified as sold to pay tax obligations from vested RSUs (footnote F3).
  • Footnotes of note:
    • F1/F4: RSUs represent contingent rights to one share each; F4 relates to the FY2026 annual bonus award (7,320 RSUs).
    • F5: A performance-based RSU granted in April 2023 vested at 100% of target on March 15, 2026 (resulting in the 13,678 conversion).
    • F2: 154 ESPP shares acquired March 16, 2026.
  • Filing: Reported on 2026-03-19 for transactions on/around 2026-03-17–19; filing appears within the standard Form 4 reporting window (not flagged late).

Context

  • The filings show conversions/vestings (exercise/conversion of RSUs) and an RSU bonus grant — these are acquisitions of shares via compensation, not open‑market purchases. Some of the newly acquired shares were then sold to cover withholding/tax obligations (a common practice on vesting).
  • The derivative (M) entries reflect vested performance RSUs converting to shares; the simultaneous sales indicate a cashless-like outcome to satisfy taxes rather than a straightforward investment purchase.