Michael A. Werdann - May 2, 2023 Form 4 Insider Report for NETGEAR, INC. (NTGR)

Role: SVP, World Wide Sales
Signature: /s/ Andrew W. Kim, Attorney in Fact
Stock symbol: NTGR
Transactions as of: May 2, 2023
Transactions value $: -$85,586
Form type: 4
Date filed: 5/3/2023, 02:00 PM
Previous filing: May 2, 2023
Next filing: Jul 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTGR	Common Stock	Sale	-$85.6K	-6.23K	-9.64%	$13.74	58.4K	May 2, 2023	Direct	F1, F2

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
holding	NTGR	Employee Stock Option (Right to Buy)						16	May 2, 2023	Common Stock	16	$18.58	Direct	F3
holding	NTGR	Employee Stock Option (Right to Buy)						41	May 2, 2023	Common Stock	41	$23.48	Direct	F4
holding	NTGR	Employee Stock Option (Right to Buy)						821	May 2, 2023	Common Stock	821	$25.37	Direct	F5
holding	NTGR	Employee Stock Option (Right to Buy)						18K	May 2, 2023	Common Stock	18K	$41.67	Direct	F4
holding	NTGR	Employee Stock Option (Right to Buy)						13.8K	May 2, 2023	Common Stock	13.8K	$26.61	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 10, 2021 and amended on August 9, 2022.
F2	The price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold. Upon request from the Commission staff, the Issuer, or a security holders of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F3	25% of the option grant is exercisable on 6/2/2016, and 1/48 of the option grant is exercisable each month thereafter.
F4	This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates.
F5	This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, June 1, 2017, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates.