MATTHEW BLAKE MCRAE - 08 Nov 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
08 Nov 2024
Net transactions value
$0
Form type
4
Filing time
12 Nov 2024, 14:10:05 UTC
Previous filing
05 Aug 2024
Next filing
27 Nov 2024
SEC
View on sec.gov

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) Award $0 +1,000,000 $0.000000 1,000,000 08 Nov 2024 Common Stock 1,000,000 Direct F1
transaction ARLO Performance Stock Units (PSUs) Award $0 +178,094 $0.000000 178,094 08 Nov 2024 Common Stock 178,094 Direct F2
* 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 related to the number of the Issuer's cumulative paid subscribers and blended gross margins.
F2 Each PSU represents a contingent right to receive one share of the Issuer's common stock. The PSUs vest upon the achievement of certain milestones related to the number of the Issuer's cumulative paid subscribers, blended gross margins, annual recurring revenue and continuous service by the reporting person.