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

Role
General Counsel
Signature
/s/ Brian M. Busse
Issuer symbol
ARLO
Transactions as of
27 Jan 2023
Net transactions value
-$33,573
Form type
4
Filing time
31 Jan 2023, 18:30:37 UTC
Previous filing
04 Oct 2022
Next filing
06 Feb 2023
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 +125,000 +27% $0.000000 582,767 27 Jan 2023 Direct
transaction ARLO Common Stock Award $0 +28,096 +4.8% $0.000000 610,863 27 Jan 2023 Direct F1
transaction ARLO Common Stock Tax liability $9,594 -2,579 -0.42% $3.72 608,284 28 Jan 2023 Direct F2
transaction ARLO Common Stock Tax liability $23,979 -6,446 -1.1% $3.72 601,838 28 Jan 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 +125,000 $0.000000 125,000 27 Jan 2023 Common Stock 125,000 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.