Binder Kurtis Joseph 4
4 · Arlo Technologies, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Arlo (ARLO) CFO Kurtis Binder Sells Shares
What Happened
Kurtis Joseph Binder, Chief Financial Officer of Arlo Technologies (ARLO), had 333,334 performance stock units (PSUs) convert to common shares on 2026-03-10 and subsequently sold 179,419 shares in an open-market transaction on 2026-03-12 for about $2,471,533. The PSUs are contingent awards that vested upon achieving subscriber milestones; the open-market sale appears to have been used to satisfy tax withholding obligations related to the PSU settlement.
Key Details
- Transaction dates: PSUs converted/exercised on 2026-03-10; open-market sale executed on 2026-03-12.
- Sale details: 179,419 shares sold at a weighted average price of $13.7752 (range $13.605–$13.7759), total proceeds ≈ $2,471,533.
- Derivative/settlement: 333,334 PSUs converted to common stock (footnote F1). A portion of shares were surrendered/sold to cover taxes upon settlement (footnote F2).
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: Form 4 filed 2026-03-12 for transactions on 2026-03-10 and 2026-03-12 — no late filing indicated.
- Footnote on pricing: full breakdown of shares sold at each price will be provided upon SEC request (footnote F3).
Context
This was not a purchase signal—Binder converted PSUs (an awarded compensation vehicle) and sold a portion of the resulting shares, apparently to satisfy tax withholding. Such sales tied to award settlement and tax withholding are common and generally considered routine rather than a direct indicator of insider sentiment about the company’s stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-10+333,334→ 794,304 total - Sale
Common Stock
[F2][F3]2026-03-12$13.78/sh−179,419$2,471,533→ 614,885 total - Exercise/Conversion
Performance Stock Units (PSUs)
[F1]2026-03-10−333,334→ 0 total→ Common Stock (333,334 underlying)
Footnotes (3)
- [F1]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock. The PSUs vest upon the achievement of certain milestones relating to the number of the Issuer's cumulative paid subscribers.
- [F2]Represents shares sold to satisfy estimated tax withholding obligations upon the settlement of the PSUs.
- [F3]The weighted average sale price for the transaction reported was $13.7752, and the range of prices were between $13.605 and $13.7759. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.