Matthew Blake Mcrae - 10 May 2024 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
CEO, Director
Signature
/s/ Brian Busse, Attorney-in-Fact
Issuer symbol
ARLO
Transactions as of
10 May 2024
Transactions value $
-$2,898,896
Form type
4
Filing time
13 May 2024, 17:05:18
Previous filing
29 Apr 2024
Next filing
07 Jun 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 +500K +21.8% 2.79M 10 May 2024 Direct F1
transaction ARLO Common Stock Tax liability -$2.9M -253K -9.07% $11.44 2.54M 10 May 2024 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 -500K -100% $0.00* 0 10 May 2024 Common Stock 500K Direct F1
transaction ARLO Performance Stock Units (PSUs) Award $0 +500K $0.00 500K 10 May 2024 Common Stock 500K Direct F1
* 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 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.