Matthew Blake Mcrae - 29 Dec 2021 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
CEO, Director
Signature
/s/ Brian M. Busse, Attorney-in-Fact
Issuer symbol
ARLO
Transactions as of
29 Dec 2021
Net transactions value
-$48,040
Form type
4
Filing time
30 Dec 2021, 17:04:29 UTC
Previous filing
10 Dec 2021
Next filing
01 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Options Exercise +9,470 +0.69% 1,382,621 29 Dec 2021 Direct F1
transaction ARLO Common Stock Tax liability $48,040 -4,696 -0.34% $10.23 1,377,925 29 Dec 2021 Direct

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 ARLO Performance Stock Units (PSUs) Options Exercise $0 -9,470 -1.3% $0.000000 738,660 29 Dec 2021 Common Stock 9,470 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each PSU represents a contingent right to receive one share of the Issuer's common stock. The performance rights vest upon the Issuer's common stock achieving both a time-based vesting condition and a stock price performance-based vesting condition, both of which conditions must be satisfied before any PSU vests.
F2 Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.