NETGEAR (NTGR) director receives 7,779 RSUs vesting at 2027 meeting

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Butterfass Sarah reported acquisition or exercise transactions in this Form 4 filing.

NETGEAR director Sarah Butterfass reported an equity grant of 7,779 shares of Common Stock in the form of restricted stock units. These RSUs were awarded at no cash cost per share and increase her direct holdings to 46,732 shares after the transaction.

The footnote explains that 100% of the restricted stock units will vest on the date of NETGEAR's 2027 Annual Meeting of Stockholders, provided she continues to serve on the Board of Directors through that date. This filing reflects stock-based director compensation rather than an open-market share purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Butterfass Sarah

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,779	$0.00	--

Holdings After Transaction: Common Stock — 46,732 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs granted: 7,779 shares Grant price: $0.00 per share Shares held after grant: 46,732 shares +1 more

4 metrics

RSUs granted 7,779 shares Restricted stock unit grant of Common Stock

Grant price $0.00 per share Equity award, non-cash compensation

Shares held after grant 46,732 shares Direct ownership following the transaction

Vesting condition 100% at 2027 Annual Meeting Requires continued Board service through that meeting

Key Terms

restricted stock units, Annual Meeting of Stockholders, Board of Directors

3 terms

restricted stock units financial

"Represents the grant of restricted stock units, 100% of which will vest"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Annual Meeting of Stockholders financial

"will vest on the date of the Company's 2027 Annual Meeting of Stockholders"

Board of Directors financial

"provided that the Reporting Person continues to serve as a member of the Company's Board of Directors"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

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Form 4 Insider Transactions: What Each Field Means →

06/05/2026 - 04:12 PM

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^*

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)
06/03/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/03/2026		A		7,779⁽¹⁾	A	$0	46,732	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the grant of restricted stock units, 100% of which will vest on the date of the Company's 2027 Annual Meeting of Stockholders, provided that the Reporting Person continues to serve as a member of the Company's Board of Directors through such date.

	/s/ Kirsten Daru, Attorney-in-Fact	06/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Sarah Butterfass reported receiving 7,779 restricted stock units of NETGEAR common stock. The grant was recorded at a price of $0.00 per share as stock-based compensation, increasing her direct holdings to 46,732 shares following the award, according to the Form 4 filing details.

How many NETGEAR (NTGR) shares does Sarah Butterfass hold after this Form 4?

After the reported grant, Sarah Butterfass directly holds 46,732 NETGEAR shares. This total reflects the addition of 7,779 restricted stock units granted as common stock awards, as disclosed in the Form 4, and represents her direct ownership position following the transaction.

When do Sarah Butterfass’s 7,779 NETGEAR (NTGR) restricted stock units vest?

All 7,779 restricted stock units vest on NETGEAR’s 2027 Annual Meeting date. The footnote states that 100% of the RSUs will vest at that meeting, provided she continues serving as a member of the company’s Board of Directors through the vesting date.

Was Sarah Butterfass’s NETGEAR (NTGR) Form 4 an open-market stock purchase?

No, the Form 4 reports an equity grant, not an open-market purchase. The transaction is coded as a grant or award at $0.00 per share, representing restricted stock units given as director compensation rather than shares bought on the open market.

What does transaction code "A" mean in the NETGEAR (NTGR) Form 4 filing?

Transaction code "A" indicates a grant, award, or other acquisition of shares. In this NETGEAR Form 4, it reflects restricted stock units granted to director Sarah Butterfass as compensation, rather than a discretionary market trade to buy or sell existing shares.

Is the NETGEAR (NTGR) restricted stock grant to Sarah Butterfass subject to conditions?

Yes, the restricted stock units are subject to a service condition. The footnote specifies that 100% of the RSUs vest only if Sarah Butterfass continues to serve on NETGEAR’s Board of Directors through the date of the company’s 2027 Annual Meeting of Stockholders.