Form 4: Arlo Technologies CFO Kurtis Binder Reports Stock Sales

CFO Kurtis Joseph Binder of Arlo Technologies reports the sale of common stock to cover tax obligations and pursuant to a pre-arranged trading plan.

Summary

• Kurtis Joseph Binder, CFO of Arlo Technologies, reported changes in beneficial ownership of Arlo Technologies stock.
• On September 26, 2024, shares were withheld to cover tax obligations related to the vesting of restricted stock units.
• Specifically, 79,020 shares were disposed of at a price of $11.97.
• On September 30, 2024, Binder sold 7,098 shares of common stock at a weighted average price of $11.9423.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 29, 2023.
• The price range for the September 30th sale was between $11.80 and $12.10.
• Following these transactions, Binder directly owns 892,595 shares of Arlo Technologies common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather reports factual information.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to have pre-arranged trading plans (Rule 10b5-1) to sell shares over time.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates