MICHAEL A. WERDANN - 11 Oct 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
11 Oct 2021
Net transactions value
-$11,831
Form type
4
Filing time
12 Oct 2021, 14:38:23 UTC
Previous filing
04 Aug 2021
Next filing
02 Feb 2022
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 $49,894 +1,875 +4.1% $26.61 47,791 11 Oct 2021 Direct F1
transaction NTGR Common Stock Sale $61,725 -1,875 -3.9% $32.92 45,916 11 Oct 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 -1,875 -12% $0.000000 13,750 11 Oct 2021 Common Stock 1,875 $26.61 Direct F1, F3
holding NTGR Employee Stock Option (Right to Buy) 16 11 Oct 2021 Common Stock 16 $18.58 Direct F2
holding NTGR Employee Stock Option (Right to Buy) 41 11 Oct 2021 Common Stock 41 $23.48 Direct F3
holding NTGR Employee Stock Option (Right to Buy) 821 11 Oct 2021 Common Stock 821 $25.37 Direct F4
holding NTGR Employee Stock Option (Right to Buy) 18,000 11 Oct 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 10, 2021.
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.