Matthew Blake Mcrae - Apr 28, 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: Apr 28, 2023
Transactions value $: -$2,716,038
Form type: 4
Date filed: 5/2/2023, 05:25 PM
Previous filing: Mar 8, 2023
Next filing: May 6, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARLO	Common Stock	Options Exercise		+18.9K	+0.82%		2.32M	Apr 28, 2023	Direct	F1
transaction	ARLO	Common Stock	Tax liability	-$60.5K	-9.39K	-0.41%	$6.44	2.31M	Apr 28, 2023	Direct	F2
transaction	ARLO	Common Stock	Tax liability	-$346K	-53.8K	-2.33%	$6.44	2.25M	Apr 30, 2023	Direct	F3
transaction	ARLO	Common Stock	Tax liability	-$577K	-89.6K	-3.98%	$6.44	2.16M	Apr 30, 2023	Direct	F3
transaction	ARLO	Common Stock	Award	$0	+542K	+25.06%	$0.00	2.71M	May 1, 2023	Direct	F4
transaction	ARLO	Common Stock	Tax liability	-$1.73M	-269K	-9.93%	$6.44	2.44M	May 1, 2023	Direct	F2, F5

Showing 1 to 6 of 6 entries

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 Stock Units (PSUs)	Options Exercise	$0	-18.9K	-2.94%	$0.00	625K	Apr 28, 2023	Common Stock	18.9K		Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance stock unit ("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.
F2	Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSU.
F3	Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of restricted stock units ("RSUs").
F4	On April 30, 2020, the Reporting Person was granted a PSU based upon based upon the achievement of certain financial milestones during certain established performance periods over a period of three years, which was voluntarily reported on a Form 4 filed May 5, 2020. On May 1, 2023, the Board approved the achievement of the performance criteria, resulting in the grant of an RSU.
F5	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.
F6	Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.