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

Arlo Technologies' CFO, Kurtis Joseph Binder, sold 135,183 shares of common stock on May 8, 2025, to cover estimated tax withholding obligations upon the settlement of Performance Stock Units.

Summary

• On May 8, 2025, Kurtis Joseph Binder, the Chief Financial Officer of Arlo Technologies, Inc., sold 135,183 shares of Arlo's common stock.
• The sale was executed at a weighted average price of $10.3718 per share, with individual prices ranging from $10.00 to $10.97.
• The purpose of the sale was to satisfy estimated tax withholding obligations related to the settlement of Performance Stock Units.
• Following the transaction, Binder directly owns 1,092,274 shares of Arlo Technologies' common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a stock sale for tax purposes, indicating a neutral sentiment.

Industry Context

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

Stakeholder Impact

• The sale of shares by a company insider could have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates

Keywords

Arlo Technologies, Kurtis Joseph Binder, CFO, stock sale, Form 4, tax obligations, Performance Stock Units, ARLO