MATTHEW BLAKE MCRAE - 28 Jul 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
28 Jul 2024
Net transactions value
-$4,140,062
Form type
4
Filing time
30 Jul 2024, 19:56:10 UTC
Previous filing
05 Jul 2024
Next filing
05 Aug 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 +47,350 +1.8% 2,670,841 28 Jul 2024 Direct F1
transaction ARLO Common Stock Tax liability $371,760 -24,000 -0.9% $15.49 2,646,841 28 Jul 2024 Direct F2
transaction ARLO Common Stock Options Exercise +59,713 +2.3% 2,706,554 30 Jul 2024 Direct F1
transaction ARLO Common Stock Options Exercise +288,823 +11% 2,995,377 30 Jul 2024 Direct F3
transaction ARLO Common Stock Options Exercise +145,833 +4.9% 3,141,210 30 Jul 2024 Direct F3
transaction ARLO Common Stock Tax liability $3,768,302 -250,552 -8% $15.04 2,890,658 30 Jul 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 -47,350 -20% $0.000000 189,400 28 Jul 2024 Common Stock 47,350 Direct F1, F4
transaction ARLO Performance Stock Units (PSUs) Options Exercise $0 -59,713 -17% $0.000000 291,933 30 Jul 2024 Common Stock 59,713 Direct F1, F4
transaction ARLO Performance Stock Units (PSUs) Options Exercise $0 -288,823 -33% $0.000000 577,648 30 Jul 2024 Common Stock 288,823 Direct F3
transaction ARLO Performance Stock Units (PSUs) Options Exercise $0 -145,833 -50% $0.000000 145,834 30 Jul 2024 Common Stock 145,833 Direct F3
* 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 performance rights vest upon the Issuer's common stock achieving both a time-based vesting condition and a stock price performance-based vesting condition, both of which conditions must be satisfied before any PSU vests.
F2 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSUs.
F3 Each PSU represents a contingent right to receive one share of the Issuer's common stock. The PSUs will vest based upon the achievement of certain milestones relating to the number of the Issuer's cumulative paid subscribers.
F4 Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.