Brian Busse - Aug 8, 2022 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
General Counsel
Signature
/s/ Brian M. Busse
Stock symbol
ARLO
Transactions as of
Aug 8, 2022
Transactions value $
-$410,447
Form type
4
Date filed
8/10/2022, 06:44 PM
Previous filing
May 2, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Award $0 +83.6K +19.47% $0.00 513K Aug 8, 2022 Direct F1
transaction ARLO Common Stock Tax liability -$308K -41.5K -8.08% $7.42 472K Aug 8, 2022 Direct F2, F3
transaction ARLO Common Stock Tax liability -$103K -13.8K -2.93% $7.44 458K Aug 8, 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.