Arlo Technologies, Inc. — Director's Dealing 2019

Jan 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arlo Technologies, Inc. (ARLO)
CIK: 0001736946
Period of Report: 2018-12-31

Reporting Person: MCRAE MATTHEW BLAKE (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-31	Common Stock	A	14852	—	Acquired	18895	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-31	Employee Stock Options (Right to Buy)	$10.09	A	39993	Acquired	2027-10-19	Common Stock (39993)	Direct

Footnotes

F1: In connection with the spin-off of the Issuer from NETGEAR, Inc. ("NETGEAR"), on December 31, 2018, the reporting person received restricted stock awards from the Issuer in exchange for the outstanding NETGEAR restricted stock awards held by the reporting person immediately prior to the spin-off. The reporting person received an aggregate of 14,852 restricted stock awards of the Issuer for 7,500 outstanding restricted stock awards of NETGEAR.

F2: Includes 4,043 shares acquired in a pro rata distribution by NETGEAR by means of a special stock dividend of shares of the Issuer's common stock. On December 31, 2018, each NETGEAR shareholder received 1.980295 shares of the Issuer's common stock for every share of NETGEAR common stock held as of the record date of December 17, 2018, less any fractional share.

F3: In connection with the spin-off of the Issuer from NETGEAR, on December 31, 2018, the reporting person received options to purchase shares of the Issuer in exchange for outstanding options to purchase shares of NETGEAR held by the reporting person immediately prior to the spin-off. The reporting person received the option in exchange for an outstanding option to purchase 20,000 shares of NETGEAR common stock at an exercise price of $49.20 per share.

F4: The option vests as follows: 25% of the shares vested on the first anniversary of the grant date of the original NETGEAR option (October 19, 2017), and the remaining shares vest in 36 equal monthly installments thereafter.