Arlo Technologies, Inc. — Director's Dealing 2022

Feb 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arlo Technologies, Inc. (ARLO)
CIK: 0001736946
Period of Report: 2022-01-28

Reporting Person: MCRAE MATTHEW BLAKE (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-28	Common Stock	M	18940	—	Acquired	1396865	Direct
2022-01-28	Common Stock	F	7158	$8.28	Disposed	1389707	Direct
2022-01-28	Common Stock	A	184405	$0.00	Acquired	1574112	Direct
2022-01-28	Common Stock	A	164837	$0.00	Acquired	1738949	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-28	Performance Stock Units (PSUs)	$	M	18940	Disposed	2025-07-28	Common Stock (18940)	Direct
2022-01-28	Performance Stock Units (PSUs)	$	A	92203	Acquired		Common Stock (92203)	Direct
2022-01-28	Performance Stock Units (PSUs)	$	A	92202	Acquired		Common Stock (92202)	Direct

Footnotes

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: On February 5, 2021, the Reporting Person was granted a performance-based RSU, which was voluntarily reported on a Form 4 filed February 9, 2021. On January 28, 2022, the Board approved the achievement of the performance criteria, resulting in the grant of an RSU which vests in four equal annual installments.

F3: Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.

F4: Each PSU represents a contingent right to receive shares of the Issuer's common stock, based upon the achievement of certain financial milestones. Subject to achievement of such milestones, each PSU will vest in four equal annual installments. The number of shares reported herein is a target number, however the actual number of shares issuable pursuant to the PSUs will not exceed 120% of the number of target shares.

F5: Each PSU represents a contingent right to receive shares of the Issuer's common stock, based upon total relative shareholder return during certain established performance periods over a period of four years. The number of shares reported herein is a target number, however the actual number of shares issuable pursuant to the PSUs will not exceed 200% of the number of target shares.