Form 4: Amplitude Director Eric Vishria Acquires Shares in Lieu of Retainer Fees
SEC Form 4
Director Eric Vishria acquired 854 shares of Amplitude, Inc. Class A Common Stock on October 5, 2024, in lieu of retainer fees, while also indirectly holding 311,208 shares.
Summary
- On October 5, 2024, Eric Vishria, a director of Amplitude, Inc., acquired 854 shares of Class A Common Stock.
- The acquisition was made in lieu of retainer fees under the Issuer's Non-Employee Director Compensation Program.
- The price per share was $0.00.
- Following the transaction, Vishria directly owns 48,480 shares of Class A Common Stock.
- Vishria also indirectly owns 311,208 shares through entities he controls.
- The acquired shares are in the form of restricted stock units (RSUs), each representing the right to receive one share of Class A Common Stock.
- Settlement of the RSUs will occur either on a date selected by Vishria or as otherwise provided by the Program.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director taking shares instead of cash could be seen as a positive.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Future Outlook
The RSUs will be settled either on a date selected by the reporting person or as otherwise provided by the Program.
Industry Context
Directors receiving stock in lieu of fees is a fairly common practice, aligning their interests with shareholders.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 10/05/2024 | Date of transaction: Eric Vishria acquired 854 shares of Class A Common Stock. |
| 10/08/2024 | Date of signature for the Form 4 filing. |
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