ARLO Form 4: Brian Busse Awarded 100,000 PSUs; Direct Holdings 710,756

Rhea-AI Filing Summary

Arlo Technologies reporting person Brian Busse, the company’s General Counsel, recorded equity awards and share acquisitions on 08/08/2025. The filing shows an acquisition of 100,000 shares of common stock and an award of 100,000 performance stock units (PSUs). After the transactions Busse beneficially owns 710,756 shares directly. Each PSU represents a contingent right to one share and vests only if specified milestones tied to the company’s cumulative paid subscribers and blended gross margins are achieved, so the PSUs are not immediately vested. The PSU award lists a reported price of $0 and the filing indicates 0 derivative securities beneficially owned following the transaction.

Positive

• Alignment of incentives: 100,000 PSUs link executive compensation to cumulative paid subscribers and blended gross margins, tying pay to performance targets.
• Substantive direct ownership: Reporting person holds 710,756 shares directly after the reported transactions, indicating meaningful insider ownership.

Negative

• Contingent vesting: The 100,000 PSUs vest only if specified milestones are met, so their value is uncertain until conditions are satisfied.
• No immediate derivative ownership: The filing reports 0 derivative securities beneficially owned following the transaction, indicating the awards are currently unvested and not yet convertible to voting shares.

Insights

Securities Analyst

TL;DR: Insider received 100,000 shares plus 100,000 PSUs; impact is routine compensation disclosure pending vesting conditions.

The Form 4 documents a compensation-related equity grant and share acquisition by Brian Busse. The direct ownership total of 710,756 shares is disclosed, alongside 100,000 PSUs that convert to common stock only if milestones on cumulative paid subscribers and blended gross margins are met. The filing lists the PSU price as $0 and shows 0 derivative securities beneficially owned following the reported transaction, consistent with unvested performance awards. From a market-materiality perspective, this appears to be routine officer compensation rather than an immediate transfer of vested value.

Corporate Governance Expert

TL;DR: PSUs tie executive compensation to subscriber and margin targets, aligning pay with performance but remain conditional.

The disclosure indicates governance of incentive pay through performance stock units that vest upon concrete operational milestones (cumulative paid subscribers and blended gross margins). Such structure aligns long-term executive incentives with company KPIs. Key facts: 100,000 PSUs awarded, each for one share, and vesting contingent on milestone achievement; 100,000 common shares were acquired and total direct holdings are 710,756 shares. Because vesting is conditional, the ultimate dilution and economic impact depend on future performance milestones being met.

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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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^*

Busse Brian

(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)

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

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

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	08/08/2025		M		100,000	A	(1)	710,756	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)	08/08/2025		M			100,000	(1)	(1)	Common Stock	100,000	$0	0	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 achievement of certain milestones related to the number of the Issuer's cumulative paid subscribers and blended gross margins.

	/s/ Brian Busse	08/12/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Brian Busse report on Form 4 for ARLO?

He acquired 100,000 shares of common stock and was awarded 100,000 performance stock units (PSUs) on 08/08/2025.

How many ARLO shares does Brian Busse beneficially own after the reported transactions?

710,756 shares are reported as beneficially owned following the transactions.

What are the vesting conditions for the PSUs reported in the ARLO Form 4?

The PSUs vest upon achievement of milestones related to cumulative paid subscribers and blended gross margins.

Are the 100,000 PSUs immediately vested and convertible to shares?

No; the PSUs are contingent rights that vest only if the specified milestones are met, and the filing shows 0 derivative securities beneficially owned following the transaction.

What role does the reporting person hold at ARLO?

Brian Busse is reported as an officer with the title General Counsel.