NETGEAR CEO Charles Prober Withholds 4,598 Shares for Taxes

What Happened Charles J. Prober, CEO of NETGEAR, had 4,598 shares withheld by the company on July 31, 2026 to satisfy tax withholding obligations tied to the vesting/settlement of previously reported restricted stock units. The shares were valued at $24.16 each, for a total of approximately $111,088. This was a withholding for taxes (Form 4 code F), not an open-market sale.

Key Details

• Transaction date: 2026-07-31; Filed with SEC: 2026-08-04 (timely filing).
• Action: Payment of exercise price / tax liability via share withholding (code F).
• Shares involved: 4,598 shares withheld (disposed) at $24.16 per share; total ~$111,088.
• Post-transaction holdings: Not specified in the provided filing.
• Footnotes:
  • F1: Withholding to satisfy tax obligations from vesting/settlement of previously reported RSUs.
  • F2/F3: Some shares are held by the Prober 2026 NTGR GRAT and Prober 2025 NTGR GRAT (grantor retained annuity trusts used for estate/planning).
• This was a tax-withholding event (cashless/settlement), not a market sale that signals a change in investment view.

Context Tax-withholding dispositions are routine when RSUs vest and do not necessarily indicate the insider is reducing their economic exposure by selling on the open market. The involvement of GRATs indicates some holdings are in estate-planning trusts, which is common for executives and is separate from trading intent.