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Arlo Technologies, Inc. — Director's Dealing 2024
Mar 6, 2024
31778_dirs_2024-03-06_09aee6de-314b-4d64-88bd-859c7012abe3.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: 2024-03-04
Reporting Person: Busse Brian (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-04 | Common Stock | M | 41666 | — | Acquired | 722455 | Direct |
| 2024-03-04 | Common Stock | F | 18416 | $11.40 | Disposed | 704039 | Direct |
| 2024-03-05 | Common Stock | S | 42161 | $10.9668 | Disposed | 661878 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-01 | Performance Stock Units (PSUs) | $ | A | 150000 | Acquired | Common Stock (150000) | Direct | |
| 2024-03-04 | Performance Stock Units (PSUs) | $ | M | 41666 | Disposed | Common Stock (41666) | Direct |
Footnotes
F1: Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock. The PSUs vest upon the achievement of certain milestones relating to the number of the Issuer's cumulative paid subscribers.
F2: Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of the PSU.
F3: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 16, 2023.
F4: The weighted average sale price for the transaction reported was $10.9668, and the range of prices were between $10.81 and $11.16. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.