Form 4: Amplitude Director Catherine Wong Sells Shares to Cover Tax Obligations

Director Catherine Wong sold 3,515 shares of Amplitude, Inc. Class A Common Stock on May 17, 2024, to satisfy tax obligations related to vesting restricted stock units.

Summary

• On May 17, 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 $9.1604 per share, with individual trades ranging from $9.0200 to $9.2700.
• The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on November 21, 2023.
• The purpose of the sale was to cover tax obligations arising from the vesting of restricted stock units (RSUs).
• Following the transaction, Catherine Wong beneficially owns 82,820 shares, including 31,250 RSUs.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a share sale by a director to cover tax obligations. It doesn't indicate any significant positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

Sales of shares by company directors are a normal part of corporate governance, especially when related to covering tax obligations from vested equity. These sales are often pre-planned using 10b5-1 trading plans to avoid accusations of insider trading.

Comparison to Industry Standards

• Director share sales to cover tax obligations are common across the tech industry.
• Many directors at companies like Snowflake, Datadog, and Cloudflare use similar 10b5-1 plans to manage their equity and tax liabilities.
• The volume of shares sold is relatively small compared to the director's total holdings, which is typical in these types of transactions.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, but the impact is likely to be minimal given the reason for the sale and the relatively small number of shares involved.

Key Dates