Matthew Blake Mcrae - Jul 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
Jul 28, 2022
Transactions value $
-$63,114
Form type
4
Date filed
7/29/2022, 06:36 PM
Previous filing
May 2, 2022
Next filing
Aug 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Options Exercise +18.9K +1.17% 1.63M Jul 28, 2022 Direct F1, F2
transaction ARLO Common Stock Tax liability -$63.1K -9.39K -0.58% $6.72 1.62M Jul 28, 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 -2.7% $0.00 682K Jul 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 Includes 3,049 shares acquired under the Issuer's Employee Stock Purchase Plan on May 13, 2022.
F3 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSUs.
F4 Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.