Michael A. Werdann - Aug 2, 2023 Form 4 Insider Report for NETGEAR, INC. (NTGR)

Role
SVP, World Wide Sales
Signature
/s/ Andrew W. Kim, Attorney in Fact
Stock symbol
NTGR
Transactions as of
Aug 2, 2023
Transactions value $
-$77,883
Form type
4
Date filed
8/3/2023, 11:50 AM
Previous filing
Aug 2, 2023
Next filing
Apr 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction NTGR Common Stock -Sell -$77,883 -5,454 -8.84% $14.28 56,230 Aug 2, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NTGR Employee Stock Option (Right to Buy) 16 Aug 2, 2023 Common Stock 16 $18.58 Direct F3
holding NTGR Employee Stock Option (Right to Buy) 41 Aug 2, 2023 Common Stock 41 $23.48 Direct F4
holding NTGR Employee Stock Option (Right to Buy) 821 Aug 2, 2023 Common Stock 821 $25.37 Direct F5
holding NTGR Employee Stock Option (Right to Buy) 18,000 Aug 2, 2023 Common Stock 18,000 $41.67 Direct F4
holding NTGR Employee Stock Option (Right to Buy) 13,750 Aug 2, 2023 Common Stock 13,750 $26.61 Direct F4

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 10, 2021 and amended on August 9, 2022.
F2 The price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold. Upon request from the Commission staff, the Issuer, or a security holders of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F3 25% of the option grant is exercisable on 6/2/2016, and 1/48 of the option grant is exercisable each month thereafter.
F4 This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates.
F5 This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, June 1, 2017, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates.