Matthew Blake Mcrae - 28 Jan 2024 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
CEO, Director
Signature
/s/ Brian M. Busse, Attorney-in-Fact
Issuer symbol
ARLO
Transactions as of
28 Jan 2024
Transactions value $
-$309,174
Form type
4
Filing time
30 Jan 2024, 12:15:59 UTC
Previous filing
06 Nov 2023
Next filing
02 Feb 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 +28.4K +1.16% 2.49M 28 Jan 2024 Direct F1
transaction ARLO Common Stock Tax liability -$96.3K -10.7K -0.43% $8.96 2.47M 28 Jan 2024 Direct F2
transaction ARLO Common Stock Tax liability -$65.5K -7.31K -0.3% $8.96 2.47M 28 Jan 2024 Direct F2
transaction ARLO Common Stock Tax liability -$147K -16.4K -0.67% $8.96 2.45M 28 Jan 2024 Direct F3

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 -28.4K -5.66% $0.00 474K 28 Jan 2024 Common Stock 28.4K Direct F1, F4
* 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 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.
F2 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSUs.
F3 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of restricted stock units.
F4 Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.