AMBARELLA INC
For the period ended Jun 26, 2026. Filed May 15, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 26, 2026 · Filed May 15, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE
SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
|---|---|
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material under §240.14a-12 |
Ambarella, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| ☒ | No fee required. |
|---|---|
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
AMBARELLA, INC.
3001 TASMAN DRIVE
SANTA CLARA, CA 95054
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
To Be Held On June 26, 2026
Dear Shareholder:
NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders of Ambarella, Inc., a Cayman Islands company, will be held on Friday, June 26, 2026, at 9:00 a.m. Pacific Time at 3001 Tasman Drive, Santa Clara, CA 95054. The agenda for the meeting is as follows:
MEETING AGENDA
| Proposal No. | Proposal | Board Vote Recommendation |
| 1 | to elect the Board’s three nominees for Class II director, Gregory M. Bryant, D. Jeffrey Richardson and Elizabeth M. Schwarting, to hold office until the 2029 Annual Meeting of Shareholders | For each Ambarella director nominee |
| 2 | to ratify the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm of Ambarella, Inc. for the fiscal year ending January 31, 2027 | For |
| 3 | to approve, on an advisory basis, executive compensation | For |
| 4 | to approve an amendment and restatement of the Ambarella, Inc. 2021 Equity Incentive Plan | For |
These items of business are more fully described in the Proxy Statement, which is available at www.edocumentview.com/AMBA. This notice, the Notice of Internet Availability, the Proxy Statement, the 2026 Annual Report, and the form of proxy are being made available to shareholders on or about May 15, 2026. We are providing access to our proxy materials over the Internet under the rules and regulations adopted by the U.S. Securities and Exchange Commission.
The record date for the Annual Meeting is May 5, 2026. Only shareholders of record at the close of business on that date may vote at the meeting or any adjournment thereof. We are not aware of any other business to come before the Annual Meeting. You may vote over the Internet, by telephone or by mailing a proxy card. Voting over the Internet, by telephone or by written proxy will ensure your representation at the Annual Meeting if you do not attend in person. Please review the instructions on the proxy card regarding each of these voting options. The Proxy Statement explains proxy voting and the matters to be voted on in more detail. We look forward to your attendance at the Annual Meeting.
By Order of the Board of Directors
Michael Morehead
General Counsel and Secretary
Santa Clara, California
May 15, 2026
You are cordially invited to attend the meeting in person. Your vote is important. Whether or not you expect to attend the meeting, please vote your shares as instructed in the Notice of Internet Availability, which is being mailed to you on May 15, 2026, as promptly as possible to ensure your representation at the meeting. Even if you have voted by proxy, you may still vote in person if you attend the meeting. Please note, however, that if your shares are held of record by a broker, bank or other nominee and you wish to vote at the meeting, you must obtain a proxy issued in your name from that record holder.
TABLE OF CONTENTS
| Page | |
|---|---|
| Information Concerning Voting and Solicitation | 1 |
| General Information About the Annual Meeting | 1 |
| Notice of Internet Availability | 1 |
| Appointment of Proxy Holders | 1 |
| Who Can Vote | 2 |
| How You Can Vote | 2 |
| Matters to be Voted Upon | 3 |
| Revocation of Proxies | 3 |
| Required Vote | 4 |
| Other Matters Brought Before the Meeting | 4 |
| Solicitation of Proxies | 4 |
| Voting Results | 4 |
| Important Notice Regarding Availability of Proxy Materials | 5 |
| Proposal 1: Election of Class II Directors | 6 |
| Vote Required | 9 |
| Information Regarding the Board of Directors and Corporate Governance | 10 |
| Overview | 10 |
| Board Leadership Structure | 10 |
| Lead Independent Director | 10 |
| Director Independence | 11 |
| Board Demographics | 11 |
| Overboarding | 12 |
| Board Meetings | 12 |
| Board Committees | 12 |
| Role of the Board in Risk Oversight | 14 |
| Evaluation of Board and Director Performance | 15 |
| Director Skills, Competencies and Experience | 16 |
| Director Refreshment | 16 |
| Director Nominations | 17 |
| Director Voting Policy | 18 |
| Communications with the Board | 18 |
| Corporate Governance Principles and Practices | 19 |
| Insider Trading Policy and Compliance | 19 |
| Corporate Sustainability | 19 |
| Director Compensation | 22 |
| Director Compensation for Fiscal Year 2026 | 23 |
| Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm | 25 |
| Principal Accountant Fees and Services | 25 |
| Pre-Approval Policies and Procedures | 26 |
| Vote Required | 26 |
| Report of the Audit Committee | 27 |
| Proposal 3: Advisory Vote to Approve Executive Compensation | 28 |
| Vote Required | 28 |
| Executive Officers | 29 |
| Executive Compensation | 30 |
| Compensation Discussion and Analysis | 30 |
| Compensation Committee Report | 45 |
| Compensation Risk Assessment | 45 |
| Summary Compensation Table for Fiscal 2026 | 46 |
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| Grants of Plan-Based Awards | 47 |
|---|---|
| Option Exercises and Stock Vested | 48 |
| Outstanding Equity Awards at Fiscal Year-End | 49 |
| Potential Payments upon Termination or Change in Control | 51 |
| Pay Ratio Disclosure | 56 |
| Pay Versus Performance | 57 |
| Equity Compensation Plan Information | 62 |
| Security Ownership of Certain Beneficial Owners and Management | 63 |
| Certain Relationships and Related Person Transactions | 65 |
| Proposal 4: Approval of Amendment to the Ambarella, Inc. 2021 Equity Incentive Plan | 66 |
| Vote Required | 77 |
| Delinquent Section 16(A) Reports | 78 |
| Shareholder Proposals for the 2027 Annual Meeting of Shareholders | 78 |
| Householding of Proxy Materials | 79 |
| Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders To Be Held on June 26, 2026 | 79 |
| Other Matters | 79 |
| Annex A | A-1 |
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Ambarella, Inc.
3001 Tasman Drive
Santa Clara, CA 95054
PROXY STATEMENT
FOR THE 2026 ANNUAL MEETING OF SHAREHOLDERS
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.