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Arlo Technologies, Inc. — Director's Dealing 2024
Jul 30, 2024
31778_dirs_2024-07-30_c42c9d03-5686-4d87-9ab9-b5bb09789e3f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Arlo Technologies, Inc. (ARLO)
CIK: 0001736946
Period of Report: 2024-07-28
Reporting Person: MCRAE MATTHEW BLAKE (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-07-28 | Common Stock | M | 47350 | — | Acquired | 2670841 | Direct |
| 2024-07-28 | Common Stock | F | 24000 | $15.49 | Disposed | 2646841 | Direct |
| 2024-07-30 | Common Stock | M | 59713 | — | Acquired | 2706554 | Direct |
| 2024-07-30 | Common Stock | M | 288823 | — | Acquired | 2995377 | Direct |
| 2024-07-30 | Common Stock | M | 145833 | — | Acquired | 3141210 | Direct |
| 2024-07-30 | Common Stock | F | 250552 | $15.04 | Disposed | 2890658 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-07-28 | Performance Stock Units (PSUs) | $ | M | 47350 | Disposed | 2025-07-28 | Common Stock (47350) | Direct |
| 2024-07-30 | Performance Stock Units (PSUs) | $ | M | 59713 | Disposed | 2024-02-03 | Common Stock (59713) | Direct |
| 2024-07-30 | Performance Stock Units (PSUs) | $ | M | 288823 | Disposed | Common Stock (288823) | Direct | |
| 2024-07-30 | Performance Stock Units (PSUs) | $ | M | 145833 | Disposed | Common Stock (145833) | Direct |
Footnotes
F1: Each Performance Stock Unit ("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: 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 PSUs will vest based upon the achievement of certain milestones relating to the number of the Issuer's cumulative paid subscribers.
F4: Represents the maximum number of shares remaining that may be issued pursuant to the PSUs.