Michael A. Werdann - Jul 31, 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: Jul 31, 2023
Transactions value $: -$40,688
Form type: 4
Date filed: 8/2/2023, 01:17 PM
Previous filing: Jul 19, 2023
Next filing: Aug 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTGR	Common Stock	Tax liability	-$40.7K	-2.98K	-4.61%	$13.64	61.7K	Jul 31, 2023	Direct

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	Jul 31, 2023	Common Stock	16	$18.58	Direct	F1
holding	NTGR	Employee Stock Option (Right to Buy)						41	Jul 31, 2023	Common Stock	41	$23.48	Direct	F2
holding	NTGR	Employee Stock Option (Right to Buy)						821	Jul 31, 2023	Common Stock	821	$25.37	Direct	F3
holding	NTGR	Employee Stock Option (Right to Buy)						18K	Jul 31, 2023	Common Stock	18K	$41.67	Direct	F2
holding	NTGR	Employee Stock Option (Right to Buy)						13.8K	Jul 31, 2023	Common Stock	13.8K	$26.61	Direct	F2

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

Explanation of Responses:

Id	Content
F1	25% of the option grant is exercisable on 6/2/2016, and 1/48 of the option grant is exercisable each month thereafter.
F2	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.
F3	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.