Form 4: Arlo Technologies CFO Kurtis Joseph Binder Sells Shares to Cover Tax Obligations

Arlo Technologies' CFO, Kurtis Joseph Binder, sold 184,589 shares of common stock on March 20, 2025, to satisfy estimated tax withholding obligations upon the settlement of Performance Stock Units.

Summary

• On March 20, 2025, Kurtis Joseph Binder, the Chief Financial Officer of Arlo Technologies, Inc., sold 184,589 shares of Arlo's common stock.
• The sale was executed at a weighted average price of $10.6962 per share, with prices ranging from $10.505 to $11.01.
• This transaction was conducted to cover estimated tax withholding obligations related to the settlement of Performance Stock Units.
• Following the transaction, Binder directly owns 977,457 shares of Arlo Technologies.
• The sale was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 6

Explanation: The document is neutral as it reports a routine stock sale by an executive to cover tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common reason for such transactions.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is for tax purposes.

Key Dates

Keywords

Arlo Technologies, Kurtis Joseph Binder, CFO, Stock Sale, Form 4, Tax Obligations, Performance Stock Units, ARLO