Form 4: Amplitude CEO Gifts 1M Class B Shares to Spouse

Amplitude CEO Spenser Skates reported gifting 1,010,000 shares of Class B Common Stock to his spouse, effective August 4, 2025.

Summary

• Spenser Skates, Chief Executive Officer, Director, and 10% Owner of Amplitude, Inc. (AMPL), reported a gift of securities.
• The transaction involved the disposition of 1,010,000 shares of Class B Common Stock.
• The shares were gifted to his spouse on August 4, 2025, with no value received for the gifted shares.
• Following the transaction, Skates directly beneficially owns 5,342,146 shares of Class B Common Stock.
• His spouse indirectly beneficially owns the gifted 1,010,000 shares of Class B Common Stock.
• Class B Common Stock is convertible on a one-to-one basis into the Issuer's Class A Common Stock.

Sentiment

Score: 5

Explanation: The filing reports a personal gift of shares by the CEO to his spouse, which is a neutral event for the company's operational performance or financial health. It indicates a transfer of ownership within the family rather than a market sale.

Positives

• The CEO retains a substantial direct beneficial ownership of 5,342,146 Class B Common Stock shares, indicating continued alignment with shareholder interests.

Negatives

• The transaction represents a transfer of ownership within the reporting person's family, not a sale into the open market, thus not directly impacting market liquidity or share price negatively.

Risks

• The Class B Common Stock held by the reporting person and his spouse is convertible into Class A Common Stock, which could impact the voting structure or share count if converted.

Future Outlook

The filing details a planned future gift of securities by the CEO, effective August 4, 2025, rather than a past transaction, but provides no forward-looking statements regarding the company's operational or financial performance.

Management Comments

• The transaction involved a gift of securities by the reporting person to his wife.
• This is not a market transaction, thus no price has been reported.
• No value was received for the gifted shares.

Industry Context

This insider transaction is a routine disclosure for executives with dual-class share structures, common in technology companies like Amplitude, Inc., and does not reflect broader industry trends or competitive shifts.

Corporate Governance

Related Party Transactions

• The transaction involves a gift of 1,010,000 Class B Common Stock shares from CEO Spenser Skates to his spouse, constituting a related party transaction.

Stakeholder Impact

• Shareholders may note the CEO's continued substantial beneficial ownership, albeit with a portion transferred to a related party, which generally signals ongoing commitment.

Key Dates

Recommendation

The filing details a personal gift of shares by the CEO to his spouse, which is a non-market transaction and does not indicate a change in the company's fundamental performance or outlook. The CEO retains a significant stake, suggesting continued alignment. Therefore, the filing itself does not provide new information warranting a change from a 'hold' position.

Keywords

Amplitude, AMPL, Spenser Skates, SEC Form 4, Insider Transaction, Stock Gift, Class B Common Stock, Corporate Governance