MATTHEW BLAKE MCRAE - 26 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
26 Nov 2024
Transactions value $
$0
Form type
4
Filing time
27 Nov 2024, 14:19:22 UTC
Previous filing
12 Nov 2024
Next filing
03 Dec 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 +500K +17.22% 3.4M 26 Nov 2024 Direct F1
transaction ARLO Common Stock Options Exercise +47.4K +1.39% 3.45M 26 Nov 2024 Direct F2
transaction ARLO Common Stock Options Exercise +26.5K +0.77% 3.48M 26 Nov 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 -500K -100% $0.00 0 26 Nov 2024 Common Stock 500K Direct F1
transaction ARLO Performance Stock Units (PSUs) Options Exercise $0 -47.4K -25% $0.00 142K 26 Nov 2024 Common Stock 47.4K Direct F2, F3
transaction ARLO Performance Stock Units (PSUs) Options Exercise $0 -26.5K -10% $0.00 239K 26 Nov 2024 Common Stock 26.5K Direct F2, 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 PSUs vest upon the achievement of certain milestones relating to the number of the Issuer's cumulative paid subscribers.
F2 Each 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.
F3 Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.