Form 4: Amplitude Director Patrick Grady Reports Acquisition of Restricted Stock Units

Amplitude, Inc. Director and 10% owner Patrick W. Grady reported the acquisition of 14,906 restricted stock units (RSUs) on June 12, 2025, as part of the company's non-employee director compensation program.

Summary

• Patrick W. Grady, a Director and 10% owner of Amplitude, Inc. (AMPL), reported the acquisition of 14,906 Class A Common Stock Restricted Stock Units (RSUs) on June 12, 2025.
• These RSUs were granted pursuant to the Issuer's Non-Employee Director Compensation Program and each RSU represents a right to receive one share of Class A Common Stock.
• The RSUs will vest in full on the earlier of June 12, 2026, or immediately before the Issuer's 2026 annual meeting of stockholders, subject to Mr. Grady's continued service on the Board through the vesting date.
• Following this transaction, Mr. Grady directly beneficially owns 60,949 shares of Class A Common Stock, which includes the 14,906 RSUs.
• Additionally, Mr. Grady has indirect beneficial ownership through various Sequoia Capital funds, including 2,225,077 shares via Sequoia Capital U.S. Growth Fund IX, L.P., 242,788 shares via Sequoia Capital U.S. Growth IX Principals Fund, L.P., 95,885 shares via Sequoia Capital U.S. Growth Partners Fund IX, L.P., and 235,201 shares via Sequoia Capital U.S. Venture 2010-Seed Fund, L.P.
• Mr. Grady disclaims beneficial ownership of the shares held by the Sequoia funds except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a routine compensation event that aligns the director's interests with those of shareholders, indicating continued commitment to the company. This is generally viewed positively as it strengthens governance and incentive structures.

Positives

• The grant of Restricted Stock Units (RSUs) to a director aligns their interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• This RSU grant is part of a standard non-employee director compensation program, indicating a structured approach to governance and incentive alignment.

Risks

• The vesting of the RSUs is subject to the reporting person's continued service on the Board through the vesting date, meaning the shares are not immediately available and could be forfeited if service ceases prematurely.

Future Outlook

The granted Restricted Stock Units (RSUs) are scheduled to vest in full on the earlier of June 12, 2026, or immediately before Amplitude's 2026 annual meeting of stockholders, contingent on the director's continued service.

Industry Context

The grant of Restricted Stock Units (RSUs) to non-employee directors is a common and widely accepted practice across publicly traded companies, particularly within the technology sector. This compensation method is designed to align the interests of the board members with those of the shareholders by tying a portion of their compensation to the company's stock performance.

Comparison to Industry Standards

• Granting Restricted Stock Units (RSUs) to non-employee directors is a standard compensation practice in the U.S. public company landscape, especially prevalent among growth-oriented technology firms like Amplitude.
• This approach is consistent with corporate governance best practices aimed at fostering long-term alignment between board members and shareholder value, similar to compensation structures observed at companies such as Salesforce, Adobe, or Workday, which also utilize equity-based incentives for their non-executive directors.

Related Party Transactions

• Patrick W. Grady's indirect beneficial ownership of shares through various Sequoia Capital funds (Sequoia Capital U.S. Growth Fund IX, L.P., Sequoia Capital U.S. Growth IX Principals Fund, L.P., Sequoia Capital U.S. Growth Partners Fund IX, L.P., and Sequoia Capital U.S. Venture 2010-Seed Fund, L.P.) represents a related party interest, although he disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decision-making.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• The RSUs are expected to vest on the earlier of June 12, 2026, or immediately before Amplitude's 2026 annual meeting of stockholders, subject to continued service.

Key Dates

Recommendation

Keywords

Amplitude, AMPL, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Patrick Grady, Sequoia Capital, Beneficial Ownership