Form 4: Ambarella COO Chan W. Lee Sells Shares to Cover Tax Obligations
SEC Form 4
Ambarella's Chief Operating Officer, Chan W. Lee, sold 1,490 shares of common stock on September 17, 2024, to cover tax obligations arising from vesting restricted stock units.
Summary
- On September 17, 2024, Chan W. Lee, the Chief Operating Officer of Ambarella Inc., sold 1,490 shares of the company's ordinary shares.
- The sale was executed at a price of $53.54 per share.
- This transaction was conducted to cover tax obligations resulting from the vesting of restricted stock units.
- Following the transaction, Lee directly owns 121,406 shares, which includes 254 shares acquired through the company's employee stock purchase plan on September 16, 2024.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (sale of shares for tax purposes) by an executive, which is neutral in sentiment.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the company's performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Chan W. Lee acquired 254 shares under the Company's employee stock purchase plan. |
| 09/17/2024 | Chan W. Lee sold 1,490 shares of Ambarella Inc. ordinary shares. |
| 09/19/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.