Matthew Blake Mcrae - 08 Aug 2022 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
CEO, Director
Signature
/s/ Brian M. Busse, Attorney-in-Fact
Issuer symbol
ARLO
Transactions as of
08 Aug 2022
Transactions value $
-$1,051,692
Form type
4
Date filed
10 Aug 2022, 18:42
Previous filing
29 Jul 2022
Next filing
04 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Award $0 +214K +13.21% $0.00 1.84M 08 Aug 2022 Direct F1
transaction ARLO Common Stock Tax liability -$788K -106K -5.79% $7.42 1.73M 08 Aug 2022 Direct F2, F3
transaction ARLO Common Stock Tax liability -$263K -35.4K -2.05% $7.44 1.69M 08 Aug 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 8, 2019, the Reporting Person was granted a performance stock unit ("PSU") based upon total relative shareholder return during certain established performance periods over a period of three years, which was voluntarily reported on a Form 4 filed August 12, 2019. On August 8, 2022, the Board approved the achievement of the performance criteria, resulting in the grant of an RSU.
F2 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSU.
F3 This price reflects the fair market value at the end of the performance period which is the date used to calculate the Reporting Person's tax withholding.
F4 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of RSUs.