MATTHEW BLAKE MCRAE - 28 Jan 2025 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Signature
/s/ Brian Busse, Attorney-in-Fact
Issuer symbol
ARLO
Transactions as of
28 Jan 2025
Net transactions value
-$546,593
Form type
4
Filing time
30 Jan 2025, 20:21:14 UTC
Previous filing
03 Dec 2024
Next filing
04 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Options Exercise +47,350 +1.5% 3,208,338 28 Jan 2025 Direct F1
transaction ARLO Common Stock Sale $208,264 -17,857 -0.56% $11.66 3,190,481 29 Jan 2025 Direct F2, F3
transaction ARLO Common Stock Sale $338,329 -29,009 -0.91% $11.66 3,161,472 29 Jan 2025 Direct F4

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 -47,350 -33% $0.000000 94,700 28 Jan 2025 Common Stock 47,350 Direct F1, F5
* 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 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 Represents shares sold to satisfy estimated tax withholding obligations upon the settlement of PSUs.
F3 The weighted average sale price for the transaction reported was $11.6629, and the range of prices were between $11.6629 and $11.6630. 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.
F4 Represents shares sold to satisfy estimated tax withholding obligations upon the settlement of restricted stock units.
F5 Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.