Arlo Technologies, Inc. — Director's Dealing 2023

Jan 31, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arlo Technologies, Inc. (ARLO)
CIK: 0001736946
Period of Report: 2023-01-27

Reporting Person: MCRAE MATTHEW BLAKE (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-27	Common Stock	A	437500	$0.00	Acquired	2161539	Direct
2023-01-27	Common Stock	A	81950	$0.00	Acquired	2243489	Direct
2023-01-28	Common Stock	F	7085	$3.72	Disposed	2236404	Direct
2023-01-28	Common Stock	M	18940	—	Acquired	2255344	Direct
2023-01-28	Common Stock	F	6474	$3.72	Disposed	2248870	Direct
2023-01-28	Common Stock	F	15942	$3.72	Disposed	2232928	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-27	Performance Restricted Stock Units (PSUs)	$	A	437500	Acquired		Common Stock (437500)	Direct
2023-01-28	Performance Stock Units (PSUs)	$	M	18940	Disposed	2025-07-28	Common Stock (18940)	Direct

Footnotes

F1: On January 28, 2022, the Reporting Person was granted a performance-based RSU, which was voluntarily reported on a Form 4 filed February 1, 2022. On January 27, 2023, the Board approved the achievement of the performance criteria, resulting in the grant of an RSU which vests in four equal annual installments.

F2: Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSUs.

F3: 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.

F4: Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of RSUs.

F5: Each PSU represents a contingent right to receive one share of the Issuer's common stock. The PSUs will vest based upon the achievement of certain milestones relating to the number of the Issuer's cumulative paid subscribers.

F6: Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.