MATTHEW BLAKE MCRAE - 28 Jan 2022 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: 28 Jan 2022
Net transactions value: -$59,268
Form type: 4
Filing time: 01 Feb 2022, 19:32:29 UTC
Previous filing: 30 Dec 2021
Next filing: 07 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		+18,940	+1.4%		1,396,865	28 Jan 2022	Direct	F1
transaction	ARLO	Common Stock	Tax liability	$59,268	-7,158	-0.51%	$8.28	1,389,707	28 Jan 2022	Direct
transaction	ARLO	Common Stock	Award	$0	+184,405	+13%	$0.000000	1,574,112	28 Jan 2022	Direct
transaction	ARLO	Common Stock	Award	$0	+164,837	+10%	$0.000000	1,738,949	28 Jan 2022	Direct	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
transaction	ARLO	Performance Stock Units (PSUs)	Options Exercise	$0	-18,940	-2.6%	$0.000000	719,720	28 Jan 2022	Common Stock	18,940		Direct	F1, F3
transaction	ARLO	Performance Stock Units (PSUs)	Award	$0	+92,203		$0.000000	92,203	28 Jan 2022	Common Stock	92,203		Direct	F4
transaction	ARLO	Performance Stock Units (PSUs)	Award	$0	+92,202		$0.000000	92,202	28 Jan 2022	Common Stock	92,202		Direct	F5

* 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	On February 5, 2021, the Reporting Person was granted a performance-based RSU, which was voluntarily reported on a Form 4 filed February 9, 2021. On January 28, 2022, the Board approved the achievement of the performance criteria, resulting in the grant of an RSU which vests in four equal annual installments.
F3	Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.
F4	Each PSU represents a contingent right to receive shares of the Issuer's common stock, based upon the achievement of certain financial milestones. Subject to achievement of such milestones, each PSU will vest in four equal annual installments. The number of shares reported herein is a target number, however the actual number of shares issuable pursuant to the PSUs will not exceed 120% of the number of target shares.
F5	Each PSU represents a contingent right to receive shares of the Issuer's common stock, based upon total relative shareholder return during certain established performance periods over a period of four years. The number of shares reported herein is a target number, however the actual number of shares issuable pursuant to the PSUs will not exceed 200% of the number of target shares.