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Ambarella director just declared owning 5,020 shares of Ambarella

Lip Bu Tan, a director of Ambarella, has just filed an initial statement of beneficial ownership where 5,020 shares of Ambarella were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Tan. Tan operates out of San Francisco, CA. Some additional info was provided as follows:

Each restricted stock unit represents a contingent right to receive one share...