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Filing Details

Accession Number:
0000899243-18-022014
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-08-10 14:00:06
Reporting Period:
2018-08-07
Accepted Time:
2018-08-10 14:00:06
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1736946 Arlo Technologies Inc. ARLO () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1345082 Marie Christine Gorjanc C/o Arlo Technologies, Inc.
350 East Plumeria Drive
San Jose CA 95134
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.001 Per Share Acquisiton 2018-08-07 5,000 $16.00 5,000 No 4 P Indirect Children
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Children
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock, Par Value $0.001 Per Share Stock Option $16.00 2028-08-02 468,750 468,750 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2028-08-02 468,750 468,750 Direct
Footnotes
  1. Represents shares of Common Stock purchased through a reserved share program in connection with the initial public offering of the Common Stock, which closed on August 7, 2018.
  2. Reporting Person disclaims beneficial ownership in shares owned by children who share Reporting Person's household. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.
  3. In general: (a) 25% of the options will vest in equal monthly installments during the 24-month period that begins on August 2, 2020, (b) 25% of the options will vest over a four-year period based on satisfaction of a cumulative registered users milestone, (c) 25% of the options will vest over a four year period based on satisfaction of a paid recurring revenue milestone, (d) 12.5% of the options will vest at the end of 2018 based on the extent to which revenue and gross profit milestones for the second half of fiscal 2018 are achieved, and (e) 12.5% of the options will vest at the end of 2019 based on the extent to which revenue and gross profit milestones for fiscal 2019 are achieved, subject, in each case, to applicable service requirements. The options also include accelerated vesting provisions in the case of certain terminations of employment.