Form 4: Amplitude Director James M. Whitehurst Reports Acquisition of Class A Common Stock

Director James M. Whitehurst reports acquisition of 18,894 shares of Amplitude, Inc. Class A Common Stock through restricted stock units.

Summary

• On June 11, 2024, James M. Whitehurst, a director of Amplitude, Inc., acquired 18,894 shares of Class A Common Stock.
• The acquisition was in the form of restricted stock units (RSUs) granted under the company's Non-Employee Director Compensation Program.
• These RSUs will vest fully 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, Whitehurst beneficially owns a total of 147,438 shares of Class A Common Stock, including 61,501 RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule incentivizes continued service on the Board.

Future Outlook

The RSUs will vest on the earlier of June 11, 2025, or immediately before the Issuer's 2025 annual meeting of stockholders, subject to the reporting person's continued service on the Board through such vesting date.

Industry Context

This filing is a routine disclosure of stock-based compensation to a company director, a common practice in publicly traded companies to align management and shareholder interests.

Stakeholder Impact

• The acquisition of shares by a director aligns their interests with those of the shareholders, potentially increasing shareholder value.

Key Dates