| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARLO | Common Stock | Tax liability | -$946K | -79K | -8.07% | $11.97 | 900K | Sep 26, 2024 | Direct | F1 |
| transaction | ARLO | Common Stock | Sale | -$84.8K | -7.1K | -0.79% | $11.94 | 893K | Sep 30, 2024 | Direct | F2, F3 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of restricted stock units. |
| F2 | The sales reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2023. |
| F3 | The weighted average sale price for the transaction reported was $11.9423, and the range of prices were between $11.80 and $12.10. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided. |