Form 4: Amplitude Director Catherine Wong Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Catherine Wong sold 3,515 shares of Amplitude, Inc. stock on August 19, 2024, to satisfy tax obligations related to vesting restricted stock units.
Summary
- On August 19, 2024, Catherine Wong, a director of Amplitude, Inc., sold 3,515 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $8.5369 per share, with individual trades ranging from $8.4000 to $8.6200.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on November 21, 2023.
- Following the transaction, Wong beneficially owns 98,199 shares, including 42,332 restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The document reports a routine stock sale by a company director for tax purposes under a pre-existing trading plan. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales by company insiders are a common occurrence, often related to compensation and tax planning. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on current market information.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but the pre-planned nature of the sale mitigates potential concerns.
Key Dates
| Date | Description |
|---|---|
| November 21, 2023 | Date the Reporting Person adopted a 10b5-1 trading plan |
| August 19, 2024 | Date of the stock sale transaction |
| August 20, 2024 | Date of signature for the Form 4 filing |
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