Form 4: Amplitude Director Elisa Steele Acquires Shares Through Restricted Stock Units

Director Elisa Steele acquired 18,894 shares of Amplitude, Inc. Class A Common Stock through restricted stock units (RSUs) on June 11, 2024.

Summary

• Elisa Steele, a director of Amplitude, Inc., reported the acquisition of 18,894 shares of Class A Common Stock on June 11, 2024, through the granting of restricted stock units (RSUs).
• These RSUs were granted under the Issuer's Non-Employee Director Compensation Program.
• The RSUs will vest in full on the earlier of June 11, 2025, or immediately before the Issuer's 2025 annual meeting of stockholders, contingent upon continued service on the Board.
• Following the transaction, Steele beneficially owns 21,690 RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by a director is generally viewed favorably, indicating confidence in the company's prospects. The RSUs vesting schedule aligns the director's interests with the company's long-term performance.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The RSUs will vest based on continued service on the Board, aligning the director's interests with the company's long-term success.

Industry Context

Director share acquisitions are common and are often part of compensation packages to align management's interests with shareholders.

Comparison to Industry Standards

• Director compensation packages often include equity grants, such as RSUs, to incentivize long-term value creation.
• Companies like Salesforce and Adobe also use RSUs as part of their director compensation.

Stakeholder Impact

• Shareholders may view the director's acquisition of shares positively, as it aligns their interests with the company's success.

Key Dates