Brian Busse - Apr 30, 2023 Form 4 Insider Report for Arlo Technologies, Inc. (ARLO)

Role
General Counsel
Signature
/s/ Brian M. Busse
Stock symbol
ARLO
Transactions as of
Apr 30, 2023
Transactions value $
-$740,690
Form type
4
Date filed
5/2/2023, 05:27 PM
Previous filing
Mar 8, 2023
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARLO Common Stock Tax liability -$75.8K -11.8K -1.87% $6.44 617K Apr 30, 2023 Direct F1
transaction ARLO Common Stock Tax liability -$126K -19.6K -3.18% $6.44 597K Apr 30, 2023 Direct F1
transaction ARLO Common Stock Award $0 +170K +28.48% $0.00 767K May 1, 2023 Direct F2
transaction ARLO Common Stock Tax liability -$539K -83.6K -10.9% $6.44 683K May 1, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of restricted stock units ("RSUs").
F2 On April 30, 2020, the Reporting Person was granted a performance stock unit ("PSU") based upon based upon the achievement of certain financial milestones during certain established performance periods over a period of three years, which was voluntarily reported on a Form 4 filed May 5, 2020. On May 1, 2023, the Board approved the achievement of the performance criteria, resulting in the grant of an RSU.
F3 Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSU.
F4 This price reflects the fair market value at the end of the performance period which is the date used to calculate the Reporting Person's tax withholding.