NETGEAR, INC. — Director's Dealing 2021

May 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETGEAR, INC. (NTGR)
CIK: 0001122904
Period of Report: 2021-04-30

Reporting Person: LO PATRICK CS (CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-30	Common Stock	F	3254	$37.21	Disposed	93373	Direct
2021-05-03	Common Stock	M	9519	$23.48	Acquired	102892	Direct
2021-05-03	Common Stock	S	9519	$37.11	Disposed	93373	Direct
2021-05-03	Common Stock	M	8278	$18.58	Acquired	101651	Direct
2021-05-03	Common Stock	S	8278	$37.11	Disposed	93373	Direct
2021-05-03	Common Stock	M	8278	$19.32	Acquired	101651	Direct
2021-05-03	Common Stock	S	8278	$37.11	Disposed	93373	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-03	Employee Stock Option (Right to Buy)	$19.32	M	8278	Disposed	2024-06-03	Common Stock (8278)	Direct
2021-05-03	Employee Stock Option (Right to Buy)	$18.58	M	8278	Disposed	2025-06-02	Common Stock (8278)	Direct
2021-05-03	Employee Stock Option (Right to Buy)	$23.48	M	9519	Disposed	2026-03-24	Common Stock (9520)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	147668	Indirect
Common Stock	278468	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$20.98	2021-02-03	Common Stock (613)	613	Direct
Employee Stock Option (Right to Buy)	$19.69	2021-04-26	Common Stock (245)	245	Direct
Employee Stock Option (Right to Buy)	$18.60	2022-06-06	Common Stock (668)	668	Direct
Employee Stock Option (Right to Buy)	$19.33	2023-05-16	Common Stock (725)	725	Direct
Employee Stock Option (Right to Buy)	$25.37	2027-06-01	Common Stock (115000)	115000	Direct
Employee Stock Option (Right to Buy)	$41.67	2028-01-25	Common Stock (115000)	115000	Direct
Employee Stock Option (Right to Buy)	$26.61	2029-07-19	Common Stock (175200)	175200	Direct

Footnotes

F1: The shares are held by the education trusts of Mr. Lo's children. Mr. Lo is a co-trustee of each such trust.

F2: The shares are held by the Patrick and Emily Lo Revocable Trust dated 4-7-99

F3: The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 30, 2020.

F4: The price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold. Upon request from the Commission staff, the Issuer, or a security holders of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

F5: 25% of the option grant is exercisable on 2/3/2012, and 1/48 of the option grant is exercisable each month thereafter.

F6: 25% of the option grant is exercisable on 4/26/2012, and 1/48 of the option grant is exercisable each month thereafter.

F7: 25% of the option grant is exercisable on 6/6/2013, and 1/48 of the option grant is exercisable each month thereafter.

F8: 25% of the option grant is exercisable on 5/16/2014, and 1/48 of the option grant is exercisable each month thereafter

F9: 25% of the options will be exercisable on 6/03/2015, and 1/48 of the option grant is exercisable each month thereafter

F10: This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates.

F11: This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, June 1, 2017, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates