Michael A. Werdann - Jul 15, 2021 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: Jul 15, 2021
Transactions value $: -$19,403
Form type: 4
Date filed: 7/16/2021, 01:21 PM
Previous filing: Jul 6, 2021
Next filing: Jul 19, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTGR	Common Stock	Options Exercise	$33.3K	+1.25K	+3.95%	$26.61	32.9K	Jul 15, 2021	Direct	F1
transaction	NTGR	Common Stock	Sale	-$47.9K	-1.25K	-3.8%	$38.28	31.7K	Jul 15, 2021	Direct	F1
transaction	NTGR	Common Stock	Options Exercise	$9.46K	+373	+1.18%	$25.37	32K	Jul 15, 2021	Direct	F1
transaction	NTGR	Common Stock	Sale	-$14.3K	-373	-1.16%	$38.28	31.7K	Jul 15, 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	-31.24%	$0.00	821	Jul 15, 2021	Common Stock	373	$25.37	Direct	F4
transaction	NTGR	Employee Stock Option (Right to Buy)	Options Exercise	$0	-1.25K	-7.41%	$0.00	15.6K	Jul 15, 2021	Common Stock	1.25K	$26.61	Direct	F1, F3
holding	NTGR	Employee Stock Option (Right to Buy)						16	Jul 15, 2021	Common Stock	16	$18.58	Direct	F2
holding	NTGR	Employee Stock Option (Right to Buy)						41	Jul 15, 2021	Common Stock	41	$23.48	Direct	F3
holding	NTGR	Employee Stock Option (Right to Buy)						18K	Jul 15, 2021	Common Stock	18K	$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.