Matthew Blake Mcrae - Jul 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
Jul 28, 2023
Transactions value $
-$157,504
Form type
4
Date filed
7/31/2023, 04:34 PM
Previous filing
Jul 18, 2023
Next filing
Aug 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Options Exercise +28.4K +0.95% 3.03M Jul 28, 2023 Direct F1
transaction ARLO Common Stock Tax liability -$158K -14.1K -0.47% $11.18 3.01M Jul 28, 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 -28.4K -5.08% $0.00 530K Jul 28, 2023 Common Stock 28.4K Direct F1, F3
* 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 Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.