Matthew Blake Mcrae - 17 Jul 2023 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
CEO, Director
Signature
/s/ Brian M. Busse, Attorney-in-Fact
Issuer symbol
ARLO
Transactions as of
17 Jul 2023
Transactions value $
-$374,741
Form type
4
Date filed
18 Jul 2023, 16:43
Previous filing
12 Jul 2023
Next filing
31 Jul 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 Options Exercise +66.3K +2.24% 3.03M 17 Jul 2023 Direct F1
transaction ARLO Common Stock Tax liability -$375K -32.9K -1.08% $11.40 3M 17 Jul 2023 Direct 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
transaction ARLO Performance Stock Units (PSUs) Options Exercise $0 -66.3K -10.61% $0.00 559K 17 Jul 2023 Common Stock 66.3K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSUs.
F3 Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.