MICHAEL A. WERDANN - 15 Jul 2021 Form 4 Insider Report for NETGEAR, INC. (NTGR)

Role: SVP, World Wide Sales
Signature: /s/ Andrew W. Kim, Attorney in Fact
Issuer symbol: NTGR
Transactions as of: 15 Jul 2021
Net transactions value: -$19,403
Form type: 4
Filing time: 16 Jul 2021, 13:21:54 UTC
Previous filing: 06 Jul 2021
Next filing: 19 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTGR	Common Stock	Options Exercise	$33,262	+1,250	+3.9%	$26.61	32,925	15 Jul 2021	Direct	F1
transaction	NTGR	Common Stock	Sale	$47,850	-1,250	-3.8%	$38.28	31,675	15 Jul 2021	Direct	F1
transaction	NTGR	Common Stock	Options Exercise	$9,463	+373	+1.2%	$25.37	32,048	15 Jul 2021	Direct	F1
transaction	NTGR	Common Stock	Sale	$14,278	-373	-1.2%	$38.28	31,675	15 Jul 2021	Direct	F1

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
transaction	NTGR	Employee Stock Option (Right to Buy)	Options Exercise	$0	-373	-31%	$0.000000	821	15 Jul 2021	Common Stock	373	$25.37	Direct	F4
transaction	NTGR	Employee Stock Option (Right to Buy)	Options Exercise	$0	-1,250	-7.4%	$0.000000	15,625	15 Jul 2021	Common Stock	1,250	$26.61	Direct	F1, F3
holding	NTGR	Employee Stock Option (Right to Buy)						16	15 Jul 2021	Common Stock	16	$18.58	Direct	F2
holding	NTGR	Employee Stock Option (Right to Buy)						41	15 Jul 2021	Common Stock	41	$23.48	Direct	F3
holding	NTGR	Employee Stock Option (Right to Buy)						18,000	15 Jul 2021	Common Stock	18,000	$41.67	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 29, 2019.
F2	25% of the option grant is exercisable on 6/2/2016, and 1/48 of the option grant is exercisable each month thereafter.
F3	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.
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, 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.