Brian Busse - Apr 9, 2024 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
GENERAL COUNSEL
Signature
/s/ Brian Busse
Stock symbol
ARLO
Transactions as of
Apr 9, 2024
Transactions value $
$4,823
Form type
4
Date filed
4/10/2024, 12:46 PM
Previous filing
Mar 13, 2024
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Options Exercise $4.82K +699 +0.12% $6.90 606K Apr 9, 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 Apr 9, 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.