Matthew Blake Mcrae - Jan 27, 2023 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
Jan 27, 2023
Transactions value $
-$109,744
Form type
4
Date filed
1/31/2023, 06:29 PM
Previous filing
Nov 10, 2022
Next filing
Feb 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Award $0 +438K +25.38% $0.00 2.16M Jan 27, 2023 Direct
transaction ARLO Common Stock Award $0 +82K +3.79% $0.00 2.24M Jan 27, 2023 Direct F1
transaction ARLO Common Stock Tax liability -$26.4K -7.09K -0.32% $3.72 2.24M Jan 28, 2023 Direct F2
transaction ARLO Common Stock Options Exercise +18.9K +0.85% 2.26M Jan 28, 2023 Direct F3
transaction ARLO Common Stock Tax liability -$24.1K -6.47K -0.29% $3.72 2.25M Jan 28, 2023 Direct F2
transaction ARLO Common Stock Tax liability -$59.3K -15.9K -0.71% $3.72 2.23M Jan 28, 2023 Direct F4

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 Restricted Stock Units (PSUs) Award $0 +438K $0.00 438K Jan 27, 2023 Common Stock 438K Direct F5
transaction ARLO Performance Stock Units (PSUs) Options Exercise $0 -18.9K -2.86% $0.00 644K Jan 28, 2023 Common Stock 18.9K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 28, 2022, the Reporting Person was granted a performance-based RSU, which was voluntarily reported on a Form 4 filed February 1, 2022. On January 27, 2023, the Board approved the achievement of the performance criteria, resulting in the grant of an RSU which vests in four equal annual installments.
F2 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSUs.
F3 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.
F4 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of RSUs.
F5 Each PSU represents a contingent right to receive one share of the Issuer's common stock. The PSUs will vest based upon the achievement of certain milestones relating to the number of the Issuer's cumulative paid subscribers.
F6 Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.