Matthew Blake Mcrae - Feb 3, 2022 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
CEO, Director
Signature
/s/ Brian M. Busse, Attorney-in-Fact
Stock symbol
ARLO
Transactions as of
Feb 3, 2022
Transactions value $
-$348,513
Form type
4
Date filed
2/7/2022, 03:40 PM
Previous filing
Feb 1, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Tax liability -$349K -40K -2.3% $8.71 1.7M Feb 5, 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 +531K $0.00 531K Feb 3, 2022 Common Stock 531K 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.