Brian Busse - Jan 27, 2023 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
General Counsel
Signature
/s/ Brian M. Busse
Stock symbol
ARLO
Transactions as of
Jan 27, 2023
Transactions value $
-$33,573
Form type
4
Date filed
1/31/2023, 06:30 PM
Previous filing
Oct 4, 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 +125K +27.31% $0.00 583K Jan 27, 2023 Direct
transaction ARLO Common Stock Award $0 +28.1K +4.82% $0.00 611K Jan 27, 2023 Direct F1
transaction ARLO Common Stock Tax liability -$9.59K -2.58K -0.42% $3.72 608K Jan 28, 2023 Direct F2
transaction ARLO Common Stock Tax liability -$24K -6.45K -1.06% $3.72 602K Jan 28, 2023 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 Restricted Stock Units (PSUs) Award $0 +125K $0.00 125K Jan 27, 2023 Common Stock 125K Direct F4
* 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 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of RSUs.
F4 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.