Matthew Blake Mcrae - Dec 8, 2021 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
CEO, Director
Signature
/s/ Brian M. Busse, Attorney-in-Fact
Stock symbol
ARLO
Transactions as of
Dec 8, 2021
Transactions value $
-$41,982
Form type
4
Date filed
12/10/2021, 05:50 PM
Previous filing
Nov 1, 2021
Next filing
Dec 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Options Exercise +9.47K +0.69% 1.38M Dec 8, 2021 Direct F1
transaction ARLO Common Stock Tax liability -$42K -4.7K -0.34% $8.94 1.37M Dec 8, 2021 Direct

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 -9.47K -1.25% $0.00 748K Dec 8, 2021 Common Stock 9.47K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.