Matthew Blake Mcrae - Apr 28, 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
Apr 28, 2022
Transactions value $
-$1,183,187
Form type
4
Date filed
5/2/2022, 05:01 PM
Previous filing
Mar 3, 2022
Next filing
Jul 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Options Exercise +18.9K +1.09% 1.76M Apr 28, 2022 Direct F1
transaction ARLO Common Stock Tax liability -$73.1K -9.39K -0.53% $7.78 1.75M Apr 28, 2022 Direct F2
transaction ARLO Common Stock Tax liability -$1.11M -143K -8.19% $7.74 1.61M Apr 30, 2022 Direct F3

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 -18.9K -2.63% $0.00 701K Apr 28, 2022 Common Stock 18.9K Direct F1, F4
* 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 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSUs.
F3 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of restricted stock units.
F4 Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.