[Form 4] NETGEAR, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Paysign (PAYS) Form 4: CEO, Director and >10% owner Mark Newcomer reported two insider transactions.

• 31 Jul 2025 – Code M: 150,000 restricted shares vested at a $0.00 exercise price. Common-stock holding rose to 8,812,886 shares.
• 04 Aug 2025 – Code S: Newcomer sold 62,158 shares at a VWAP of $7.0851 (range $6.9976-$7.1530) for ≈$0.44 million gross proceeds. Post-sale direct ownership is 8,750,728 shares.

The sale equals roughly 0.7 % of his post-vesting stake, leaving the insider’s overall position largely unchanged. The 150 k-share grant—originally awarded 31 Jul 2022—continues to vest 20 % annually through 2027; 300 k derivative shares remain outstanding.

No other company-level financial data or guidance accompanies this filing. Investors typically view modest, scheduled sales following vesting as neutral unless part of a larger pattern.

Insights

Financial Analyst

TL;DR: Small (<1%) sale after scheduled vesting; negligible impact on ownership or valuation.

The CEO’s disposition of 62 k shares (~$0.44 m) is minor relative to his 8.8 m-share stake and follows an automatic M-code vesting. No option exercises at premium prices occurred; cost basis is $0. The transaction does not signal meaningful confidence loss or liquidity stress. Insider retains ~13 % of outstanding shares (assuming ~67 m shares o/s), preserving alignment with shareholders. Impact on trading sentiment should be minimal.

Corporate Governance Specialist

TL;DR: Routine Rule 10b5-1 sale; governance risk minimal.

The filing indicates potential 10b5-1 plan usage (checkbox tick). Such pre-planned sales mitigate information-asymmetry concerns. Vesting schedule aligns with standard executive comp practices, vesting over five years. No red flags—no pledging, no large scale divestiture. Insider ownership concentration, however, remains high, which can influence control dynamics.

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).

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^*

Bryan Murray

(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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

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	07/31/2025		F(1)		6,983	D	$23.25	209,462	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. Represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of previously reported restricted stock units.

	/s/ Kirsten Daru, Attorney-in-Fact	08/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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