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

Director Patrick W. Grady reported the acquisition of restricted stock units in Amplitude, Inc.

Summary

• Patrick W. Grady, a director of Amplitude, Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates that Grady acquired 18,894 restricted stock units (RSUs) on June 11, 2024, at a price of $0.
• These RSUs will vest 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.
• Grady also indirectly owns shares through various Sequoia Capital funds.
• The total number of Class A Common Stock shares beneficially owned following the reported transaction is 46,043 directly and 2,798,951 indirectly.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard filing related to stock options. The acquisition of RSUs by a director is generally a positive sign, but it's a routine transaction.

Positives

• The acquisition of RSUs by a director could be seen as a positive sign, indicating confidence in the company's future performance.

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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of RSUs by a director may have a slightly positive impact on shareholder sentiment.

Key Dates