Amplitude CEO Spenser Skates sells $70,996 in company stock

Spenser Skates, CEO and President of Amplitude, Inc. (NASDAQ:AMPL), a director and 10% owner of the company, recently reported sales of Class A Common Stock totaling $70,996. The transactions, which occurred on September 30 and October 1, 2026, were executed by his spouse under a pre-arranged 10b5-1 trading plan adopted on June 11, 2026. Shares were sold at prices ranging from $14.45 to $14.453.

On September 30, 2026, Skates’ spouse sold 1,374 shares of Class A Common Stock at a weighted average price of $14.453 per share, with individual trades ranging from $14.45 to $14.47. The following day, October 1, 2026, an additional 3,539 shares of Class A Common Stock were sold at $14.45 per share. The timing of these sales comes as AMPL trades near its 52-week high of $14.76, following a remarkable 112% surge over the past six months. According to InvestingPro analysis, the stock currently trades slightly above its Fair Value of $14.00. Investors seeking deeper insights can access 10 additional ProTips and comprehensive financial metrics on the platform.

These sales followed the acquisition of Class A Common Stock at $0 per share, through the conversion of Class B Common Stock. On September 30, 2026, 1,374 shares of Class A Common Stock were acquired, and on October 1, 2026, 3,539 shares of Class A Common Stock were acquired. Class B Common Stock is convertible into Class A Common Stock on a one-to-one basis.

Following these reported transactions, Skates’ spouse indirectly holds 377,244 shares of Class B Common Stock, while Skates directly holds 5,342,146 shares of Class B Common Stock.

In other recent news, Amplitude reported second-quarter revenue of $100.9 million, surpassing Wall Street’s forecast of $98.18 million. This marks the first time the company has crossed the $100 million quarterly revenue threshold. Adjusted earnings per share were reported at -$0.01, aligning with analyst expectations. The company’s revenue growth was recorded at 21% year-over-year and 8% from the previous quarter. Despite these positive financial results, the stock showed little change after the earnings announcement. These recent developments highlight Amplitude’s continued revenue growth and its achievement of a significant milestone in quarterly earnings.