Gordon Mattingly - Jan 28, 2022 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role: Chief Financial Officer
Signature: /s/ Brian M. Busse, Attorney-in-Fact
Stock symbol: ARLO
Transactions as of: Jan 28, 2022
Transactions value $: -$2,468
Form type: 4
Date filed: 2/1/2022, 07:33 PM
Previous filing: Dec 21, 2021
Next filing: Feb 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARLO	Common Stock	Award	$0	+132K	+21.17%	$0.00	754K	Jan 28, 2022	Direct
transaction	ARLO	Common Stock	Award	$0	+49K	+6.5%	$0.00	803K	Jan 28, 2022	Direct	F1
transaction	ARLO	Common Stock	Tax liability	-$2.47K	-284	-0.04%	$8.69	803K	Jan 31, 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 Restricted Stock Units (PSUs)	Award	$0	+65.9K		$0.00	65.9K	Jan 28, 2022	Common Stock	65.9K		Direct	F3, F4
transaction	ARLO	Performance Restricted Stock Units (PSUs)	Award	$0	+65.9K		$0.00	65.9K	Jan 28, 2022	Common Stock	65.9K		Direct	F3, F5

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

Explanation of Responses:

Id	Content
F1	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.
F2	Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of restricted stock units.
F3	Each PSU represents a contingent right to receive one share of the Issuer's common stock.
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.