Matthew Blake Mcrae - Mar 4, 2024 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role: CEO, Director
Signature: /s/ Brian Busse, Attorney-in-Fact
Stock symbol: ARLO
Transactions as of: Mar 4, 2024
Transactions value $: -$3,598,492
Form type: 4
Date filed: 3/6/2024, 08:07 PM
Previous filing: Mar 5, 2024
Next filing: Apr 2, 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		+146K	+6.14%		2.52M	Mar 4, 2024	Direct	F1
transaction	ARLO	Common Stock	Tax liability	-$843K	-73.9K	-2.93%	$11.40	2.45M	Mar 4, 2024	Direct	F2
transaction	ARLO	Common Stock	Sale	-$1.45M	-132K	-5.4%	$10.95	2.31M	Mar 5, 2024	Direct	F3, F4
transaction	ARLO	Common Stock	Sale	-$1.31M	-120K	-5.18%	$10.91	2.2M	Mar 6, 2024	Direct	F3, F5

Showing 1 to 4 of 4 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)	Award	$0	+866K		$0.00	866K	Feb 1, 2024	Common Stock	866K		Direct	F1
transaction	ARLO	Performance Stock Units (PSUs)	Options Exercise	$0	-146K	-33.33%	$0.00	292K	Mar 4, 2024	Common Stock	146K		Direct	F1

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 PSUs vest upon the achievement of certain milestones relating to the number of the Issuer's cumulative paid subscribers.
F2	Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSU.
F3	The sales reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2023.
F4	The weighted average sale price for the transaction reported was $10.9504, and the range of prices were between $10.81 and $11.16. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.
F5	The weighted average sale price for the transaction reported was $10.9102, and the range of prices were between $10.76 and $11.10. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.