NTGR Form 4: Graeme McLindin sells 417 shares under 10b5-1 plan

Rhea-AI Filing Summary

Reporting person: Graeme McLindin, VP, Mobile and officer of NETGEAR, Inc. (NTGR).

Transaction: On 08/01/2025 Mr. McLindin sold 417 shares of NETGEAR common stock at a reported price of $22.62 per share. Following the reported sale he beneficially owned 32,013 shares.

Context and filing: The sales were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 14, 2025 to cover expected tax liability associated with the vesting of issuer equity awards. The Form 4 reports the earliest transaction date as 08/01/2025 and is dated/signed via attorney-in-fact (Kirsten Daru) on 08/05/2025. Address on form: 350 East Plumeria Drive, San Jose, CA 95134.

Positive

• Sale executed under a documented Rule 10b5-1 plan
• Explanation states sale was to cover expected tax liability from vesting awards
• Form discloses post-transaction beneficial ownership of 32,013 shares

Negative

• None.

Insights

Financial Analyst

TL;DR Routine, pre-planned insider sale under a 10b5-1 plan; limited immediate market impact.

The Form 4 discloses a small sale of 417 NETGEAR shares by VP Graeme McLindin at $22.62 executed under a Rule 10b5-1 plan adopted March 14, 2025 to cover tax liabilities from vesting awards. The filing shows continued beneficial ownership of 32,013 shares. There are no other sales, acquisitions, or derivative transactions disclosed. For investors this is a procedural liquidity action rather than an operational signal about company performance.

Corporate Governance Expert

TL;DR Disclosure follows standard governance practice; use of attorney-in-fact and 10b5-1 plan is compliant and documented.

The Form 4 indicates the sale was executed pursuant to a documented 10b5-1 plan and the filing was signed by an attorney-in-fact on 08/05/2025. The report includes full transaction date, price, and post-transaction beneficial ownership. From a compliance perspective the filing contains the required elements: reporting person identity and role, transaction details, 10b5-1 plan explanation, and signature. No material governance concerns are evident in the disclosed content.

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
Estimated average burden
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).

X

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^*

McLindin Graeme

(Last) (First) (Middle)

350 EAST PLUMERIA DRIVE

(Street)

SAN JOSE CA 95134

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NETGEAR, INC. [ NTGR ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Mobile

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		S(1)		417	D	$22.62	32,013	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

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person on March 14, 2025 to cover expected tax liability associated with the vesting of Issuer equity awards.

	/s/ /s/ Kirsten Daru, 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).
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 did NETGEAR insider Graeme McLindin sell (NTGR)?

He sold 417 shares of NETGEAR common stock on 08/01/2025 at a reported price of $22.62 per share.

Why were the shares sold under the Form 4 (NTGR)?

The sales were effected pursuant to a Rule 10b5-1 plan adopted on March 14, 2025 to cover expected tax liability associated with the vesting of issuer equity awards.

How many NETGEAR shares does the reporting person own after the sale?

32,013 shares are reported as beneficially owned following the transaction.

When was the transaction and when was the Form 4 filed/signed?

Transaction date: 08/01/2025. Form signature date: 08/05/2025 (signed by attorney-in-fact Kirsten Daru).

What is Graeme McLindin's role at NETGEAR as listed on the Form 4?

He is listed as an officer (VP, Mobile) and is the reporting person for this Form 4.