MATTHEW BLAKE MCRAE - 03 Feb 2022 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Signature
/s/ Brian M. Busse, Attorney-in-Fact
Issuer symbol
ARLO
Transactions as of
03 Feb 2022
Net transactions value
-$348,513
Form type
4
Filing time
07 Feb 2022, 15:40:57 UTC
Previous filing
01 Feb 2022
Next filing
03 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Tax liability $348,513 -40,013 -2.3% $8.71 1,698,936 05 Feb 2022 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 ARLO Performance Stock Units (PSUs) Award $0 +530,785 $0.000000 530,785 03 Feb 2022 Common Stock 530,785 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of restricted stock units.
F2 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.
F3 Represents the maximum number of shares that may be issued pursuant to the PSUs.