Form 4: Amplitude Inc. Director Sells Shares to Cover Tax Obligations

Catherine Wong, a director at Amplitude Inc., sold 3,515 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• Catherine Wong, a director at Amplitude Inc., sold 3,515 shares of Class A Common Stock on November 18, 2024.
• The sale was executed to satisfy tax obligations arising from the vesting of restricted stock units (RSUs).
• The shares were sold at a weighted average price of $9.5715, with individual trades ranging from $9.4200 to $9.8100.
• Following the transaction, Ms. Wong beneficially owns 94,684 shares, which includes 34,519 RSUs.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for corporate insiders to manage their tax liabilities related to equity compensation. It is common for directors and officers to sell shares under a pre-arranged 10b5-1 trading plan.

Comparison to Industry Standards

• Sales of shares by directors to cover tax obligations are a common practice across the industry.
• The use of a 10b5-1 trading plan is a standard method for insiders to avoid accusations of trading on non-public information.
• The price range of the trades is within a normal range for market fluctuations.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a small transaction by a single director.
• The transaction is not expected to affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

insider trading, stock sale, Form 4, restricted stock units, tax obligations, Amplitude Inc., Catherine Wong