NETGEAR director sells 2,704 shares in plan

NETGEAR, INC. director Sarah Butterfass reported open-market sales of company common stock.

Rhea-AI Filing Summary

NETGEAR, INC. director Sarah Butterfass reported open-market sales of company common stock. On June 1, 2026, she sold a total of 2,704 shares in two transactions at weighted average prices of $26.77 and $27.08 per share.

The footnotes state these sales were made under a pre-arranged Rule 10b5-1 Plan adopted on December 9, 2025 for purposes including covering expected tax liability. The shares were sold in multiple trades within price ranges from $25.99 to $27.13 per share.

Insider Trade Summary 10b5-1

Net Seller: 2,704 shares

Net Sell 2 txns

Insider Butterfass Sarah

Role Director

Sold 2,704 shs ($73K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,570	$26.77	$42K
Sale	Common Stock	1,134	$27.08	$31K

Holdings After Transaction: Common Stock — 38,953 shares (Direct)

Footnotes (3)

1. F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person on December 9, 2025 for purposes including covering expected tax liability.
2. F2. The price reported in Column 4 of Table I represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $25.99 to $26.98, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
3. F3. The price reported in Column 4 of Table I represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $26.99 to $27.13, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

Key Figures

Shares sold: 2,704 shares Weighted average price (block 1): $26.77 per share Weighted average price (block 2): $27.08 per share +3 more

6 metrics

Shares sold 2,704 shares Total NETGEAR common stock sold by director on June 1, 2026

Weighted average price (block 1) $26.77 per share First open-market sale block of NETGEAR common stock

Weighted average price (block 2) $27.08 per share Second open-market sale block of NETGEAR common stock

Price range (lower block) $25.99–$26.98 Range of individual trade prices within first sale block

Price range (higher block) $26.99–$27.13 Range of individual trade prices within second sale block

Rule 10b5-1 plan adoption date December 9, 2025 Date Butterfass adopted pre-planned trading program

Key Terms

Rule 10b5-1 Plan, weighted average price, open-market sale, Form 4

4 terms

Rule 10b5-1 Plan regulatory

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person..."

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

weighted average price financial

"The price reported in Column 4 of Table I represents the weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan..."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NETGEAR (NTGR) report for Sarah Butterfass?

NETGEAR director Sarah Butterfass reported selling 2,704 shares of common stock in open-market transactions on June 1, 2026. The trades were disclosed on a Form 4 insider filing and reflect routine equity portfolio activity.

How many NETGEAR (NTGR) shares did Sarah Butterfass sell and at what prices?

Sarah Butterfass sold 2,704 NETGEAR common shares across two transactions at weighted average prices of $26.77 and $27.08 per share. Footnotes note multiple individual trades within price ranges from $25.99 to $27.13.

Was the NETGEAR (NTGR) insider sale by Sarah Butterfass pre-planned?

Yes. The filing states the sales were executed under a Rule 10b5-1 Plan adopted by Sarah Butterfass on December 9, 2025. Such plans pre-schedule trades, often reducing the significance of transaction timing for interpreting insider sentiment.

What reason is given for Sarah Butterfass’s NETGEAR (NTGR) share sales?

The Form 4 footnote explains the Rule 10b5-1 Plan was adopted for purposes including covering expected tax liability. This indicates at least part of the motivation was managing tax obligations related to her NETGEAR equity holdings.

Did the NETGEAR (NTGR) Form 4 involve derivative securities or option exercises?

No. The reported transactions involve only non-derivative NETGEAR common stock sales. The derivativeSummary section is empty, and the transaction codes are “S,” indicating open-market or private sales rather than option exercises or conversions.

How large is the NETGEAR (NTGR) insider sale by Sarah Butterfass in share terms?

The transaction summary shows a net sale of 2,704 NETGEAR shares. This reflects two separate open-market sale entries on June 1, 2026 and does not include any purchases, grants, gifts, or derivative transactions in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/03/2026 - 04:45 PM Learn about SEC filing dates

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^*

Butterfass Sarah

(Last) (First) (Middle)

350 EAST PLUMERIA DRIVE

(Street)

SAN JOSE CALIFORNIA 95134

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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

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

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	06/01/2026		S(1)		1,570	D	$26.77(2)	40,087	D
Common Stock	06/01/2026		S(1)		1,134	D	$27.08(3)	38,953	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 December 9, 2025 for purposes including covering expected tax liability.

2. The price reported in Column 4 of Table I represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $25.99 to $26.98, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

3. The price reported in Column 4 of Table I represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $26.99 to $27.13, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

	/s/ Kirsten Daru, Attorney-in-Fact	06/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)