Form 4: Ambarella CFO John Young Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ambarella's CFO, John Alexander Young, sold 1,546 shares of common stock on March 18, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On March 18, 2024, John Alexander Young, the CFO of Ambarella Inc., sold 1,546 shares of the company's common stock.
- The sale was executed at a price of $49.27 per share.
- This transaction was conducted to cover tax obligations resulting from the vesting of restricted stock units.
- Following the transaction, Young directly owns 107,571 shares of Ambarella Inc.
- This number includes 218 shares acquired under the company's employee stock purchase plan on March 15, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by a company executive. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares by company executives are a normal part of corporate governance. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest. These transactions are closely monitored by regulators and investors.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | 218 shares acquired under the Company's employee stock purchase plan |
| 03/18/2024 | Date of transaction: sale of 1,546 shares |
| 03/20/2024 | Date of signature for the Form 4 filing |
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