MCRAE MATTHEW BLAKE 4

What Happened
Matthew McRae, CEO and director of Arlo Technologies, reported the settlement of performance-based awards and an open-market sale. On March 10, 2026, 288,824 performance stock units (PSUs) converted into common shares upon attainment of subscriber milestones (footnote F1). On March 12, 2026, McRae sold 153,433 shares in an open-market transaction at an average price of about $13.78, generating gross proceeds of $2,113,570. Per the filing, shares were sold to satisfy estimated tax withholding obligations related to the PSU settlement (footnote F2).

Key Details

• Transaction types: M = exercise/conversion of derivative (PSU settlement) on 2026-03-10; S = open-market sale on 2026-03-12.
• Shares settled: 288,824 PSUs converted to common shares (F1).
• Shares sold: 153,433 shares at $13.78; proceeds ≈ $2,113,570. Weighted average sale price reported as $13.7752, price range $13.605–$13.7759 (F3).
• Purpose of sale: sold to satisfy estimated tax withholding upon PSU settlement (F2).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Timeliness: filing dated March 12, 2026 for transactions on March 10 and March 12 — appears timely (no late-filing flag).

Context
This was not a market-timed purchase but the settlement of performance awards followed by a partial sale to cover tax obligations — a common, administrative use of shares that does not necessarily indicate the insider’s view of the stock. M-coded entries indicate conversion/settlement of derivatives (PSUs); the subsequent sale is consistent with a tax-withholding sale rather than a discretionary sell-down.