Arlo Technologies Form 4: Insider adds shares, sells for taxes

Rhea-AI Filing Summary

Form 4 shows CEO & Director Matthew Blake McRae executed two transactions in Arlo Technologies (ARLO) common stock. On 08-03-2025 he converted 26,540 performance stock units (PSUs) into an equal number of shares (Code M). PSUs vest only after both time and share-price hurdles are met, indicating the performance condition was achieved. Immediately after conversion he held 1,488,245 shares.

On 08-04-2025 McRae sold 14,228 shares at $15.968 per share (Code S). The filing states the sale was solely to cover estimated tax-withholding liabilities arising from the PSU settlement. His direct ownership after the sale totals 1,474,017 shares. He also retains up to 159,237 unvested PSUs, representing the maximum remaining that could convert to common stock.

Net result: the CEO increased his stake by 12,312 shares despite the tax-driven sale. Size of transaction is modest relative to his overall holdings and does not signal a change in strategic positioning, but the PSU vesting confirms achievement of specific performance milestones.

Positive

• CEO increased direct ownership by 12,312 shares after settling PSUs, signalling continued alignment with shareholders.
• Performance Stock Units vested, indicating ARLO achieved both time-based and share-price performance conditions.

Negative

• 14,228 shares sold at $15.968, though disclosed as tax-withholding, still adds modest selling pressure.

Insights

Equity Analyst

TL;DR: Net insider buy of 12k shares; tax-related sale offsets, neutral impact.

The PSU conversion confirms ARLO met preset operating and share-price targets, a mild positive data-point on execution. McRae’s net addition (≈0.8% of his stake) is immaterial to float but suggests he is not reducing economic exposure. The sale was flagged as tax-withholding, limiting negative interpretation. Given limited dollar value & routine nature, I classify the filing as neutral for near-term trading but incrementally supportive for long-term governance transparency.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MCRAE MATTHEW BLAKE

(Last) (First) (Middle)

5770 FLEET STREET

(Street)

CARLSBAD CA 92008

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Arlo Technologies, Inc. [ ARLO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/03/2025		M		26,540	A	(1)	1,488,245	D
Common Stock	08/04/2025		S(2)		14,228	D	$15.968	1,474,017	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Units (PSUs)	(1)	08/03/2025		M			26,540	(1)	02/03/2026	Common Stock	26,540	$0	159,237(3)	D

Explanation of Responses:

1. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock. The PSUs 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.

2. Represents shares sold to satisfy estimated tax withholding obligations upon the settlement of PSUs.

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

	/s/ Brian Busse, Attorney-in-Fact	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

How many ARLO shares did CEO Matthew McRae acquire?

He received 26,540 shares through PSU conversion on 08-03-2025.

Why did the CEO sell ARLO shares the next day?

The filing states the 14,228-share sale was to cover tax-withholding obligations from the PSU settlement.

What is Matthew McRae's current ARLO share ownership?

After the transactions he directly owns 1,474,017 shares.

How many unvested PSUs does the CEO still hold?

He retains up to 159,237 PSUs that could convert to common stock if future conditions are met.

Does the filing suggest a change in insider sentiment at ARLO?

Because the net effect is an ownership increase and the sale was tax-related, the sentiment is viewed as neutral to mildly positive.