Grady Patrick W 4
Research Summary
AI-generated summary
Amplitude (AMPL) Director Grady Patrick W Receives RSU Award
What Happened
Grady Patrick W, a director (reported as a 10% owner), was granted 24,857 restricted stock units (RSUs) on June 9, 2026. The RSUs were awarded at $0.00 consideration (standard equity compensation) and represent rights to receive one share of Amplitude Class A common stock per RSU upon vesting.
Key Details
- Transaction date: 2026-06-09 (Form 4 filed 2026-06-11 — appears timely).
- Transaction type: Award/Grant (code A). Price: $0.00; shares granted: 24,857 RSUs.
- Vesting: RSUs vest in full on the earlier of (i) June 9, 2027 or (ii) immediately before Amplitude’s 2027 annual meeting, subject to continued board service (Footnote F1).
- Footnotes: F2 confirms the grant equals 24,857 RSUs. F3–F4 disclose the reporting person’s relationships with Sequoia entities and disclaimers of beneficial ownership of fund-held securities except for pecuniary interest.
- Shares owned after transaction: not specified in the provided filing.
Context
RSU awards to non‑employee directors are common retention/compensation grants and do not involve immediate cash payment or an open‑market purchase/sale. These RSUs convert to shares only if and when they vest; they are not an indication of an immediate buy or sell of underlying shares. The filing notes the director’s ties to Sequoia-related entities and disclaims beneficial ownership of securities held by those funds except to the extent of any pecuniary interest.