Brian Busse - 30 Jul 2024 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
30 Jul 2024, 19:58:47 UTC
Prior SEC filing
13 May 2024
Next SEC filing
12 Nov 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Brian Busse

Key filing fact

Brian Busse filed Form 4 for Arlo Technologies, Inc. (ARLO) on 30 Jul 2024.

Key facts

  • This page summarizes Brian Busse's Form 4 filing for Arlo Technologies, Inc. (ARLO).
  • 5 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 30 Jul 2024, 19:58.

Change

  • Previous filing in this sequence was filed on 13 May 2024.
  • Current net transaction value: -$698,713.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ARLO transaction

Common Stock

Options Exercise

Transaction value
Shares
+50,000
Change %
+7.9%
Price
Shares after
680,264
Date
30 Jul 2024
Ownership
Direct
Footnotes
F1
ARLO transaction

Common Stock

Options Exercise

Transaction value
Shares
+41,667
Change %
+6.1%
Price
Shares after
721,931
Date
30 Jul 2024
Ownership
Direct
Footnotes
F1
ARLO transaction

Common Stock

Tax liability

Transaction value
$698,713
Shares
-46,457
Change %
-6.4%
Price
$15.04
Shares after
675,474
Date
30 Jul 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ARLO transaction Derivative

Performance Stock Units (PSUs)

Options Exercise

Transaction value
$0
Shares
-50,000
Change %
-33%
Price
$0.000000
Shares after
100,000
Date
30 Jul 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
50,000
Exercise price
Footnotes
F1
ARLO transaction Derivative

Performance Stock Units (PSUs)

Options Exercise

Transaction value
$0
Shares
-41,667
Change %
-50%
Price
$0.000000
Shares after
41,667
Date
30 Jul 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
41,667
Exercise price
Footnotes
F1
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 2 footnotes

Footnote 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.

Footnote F2

Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSU.

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