Brian Busse - 09 Apr 2024 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
GENERAL COUNSEL
Signature
/s/ Brian Busse
Issuer symbol
ARLO
Transactions as of
09 Apr 2024
Net transactions value
+$4,823
Form type
4
Filing time
10 Apr 2024, 12:46:02 UTC
Previous filing
13 Mar 2024
Next filing
13 May 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 $4,823 +699 +0.12% $6.90 605,604 09 Apr 2024 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
transaction ARLO Employee Stock Options (Right to Buy) Options Exercise -699 -100% 0 09 Apr 2024 Common Stock 699 $6.90 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option is fully vested and exercisable.
F2 In connection with the spin-off of the Issuer from NETGEAR, on December 31, 2018, the reporting person received options to purchase shares of the Issuer in exchange for outstanding options to purchase shares of NETGEAR held by the reporting person immediately prior to the spin-off. The reporting person received the option in exchange for an option to purchase 350 shares of NETGEAR common stock at an exercise price of $33.65 per share.