Matthew Blake Mcrae - Jul 28, 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
Jul 28, 2024
Transactions value $
-$4,140,062
Form type
4
Date filed
7/30/2024, 07:56 PM
Previous filing
Jul 5, 2024
Next filing
Aug 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Options Exercise +47.4K +1.8% 2.67M Jul 28, 2024 Direct F1
transaction ARLO Common Stock Tax liability -$372K -24K -0.9% $15.49 2.65M Jul 28, 2024 Direct F2
transaction ARLO Common Stock Options Exercise +59.7K +2.26% 2.71M Jul 30, 2024 Direct F1
transaction ARLO Common Stock Options Exercise +289K +10.67% 3M Jul 30, 2024 Direct F3
transaction ARLO Common Stock Options Exercise +146K +4.87% 3.14M Jul 30, 2024 Direct F3
transaction ARLO Common Stock Tax liability -$3.77M -251K -7.98% $15.04 2.89M Jul 30, 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 -47.4K -20% $0.00 189K Jul 28, 2024 Common Stock 47.4K Direct F1, F4
transaction ARLO Performance Stock Units (PSUs) Options Exercise $0 -59.7K -16.98% $0.00 292K Jul 30, 2024 Common Stock 59.7K Direct F1, F4
transaction ARLO Performance Stock Units (PSUs) Options Exercise $0 -289K -33.33% $0.00 578K Jul 30, 2024 Common Stock 289K Direct F3
transaction ARLO Performance Stock Units (PSUs) Options Exercise $0 -146K -50% $0.00 146K Jul 30, 2024 Common Stock 146K 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.