Form 4: Arlo Technologies CEO Matthew McRae Reports Stock Transactions
SEC Form 4 Filing
Arlo Technologies CEO Matthew Blake McRae reports acquisition of shares and disposition of shares to cover tax obligations.
Summary
- On March 1, 2024, Matthew Blake McRae, CEO of Arlo Technologies, Inc., acquired 60,903 shares of Common Stock at $0.
- On the same day, McRae disposed of 30,866 shares of Common Stock at $11.83 to cover tax obligations related to vesting restricted stock units.
- Following these transactions, McRae directly owns 2,375,240 shares of Arlo Technologies, Inc.
- The transactions were reported on March 5, 2024.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock acquisition and disposition. |
| 03/05/2024 | Date of Form 4 filing. |
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