MCRAE MATTHEW BLAKE 4
4 · Arlo Technologies, Inc. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Arlo (ARLO) CEO Matthew McRae Sells Shares
What Happened
Matthew McRae, CEO and a director of Arlo Technologies, sold a total of 172,015 shares in open-market/private sales across Feb 4–6, 2026 for aggregate proceeds of roughly $2.14 million (58,604 @ $12.65; 18,085 @ $12.38; 95,326 @ $12.29). On Feb 4, 2026 he also received 167,447 restricted stock units (RSUs) following the approval of performance stock unit (PSU) achievement; those RSUs vested at $0 cash cost to him. Footnotes indicate many of the share sales were to satisfy estimated tax withholding obligations tied to the RSU/PSU settlement.
Key Details
- Transaction dates/prices: Feb 4 (58,604 shares @ $12.65), Feb 5 (18,085 @ $12.38), Feb 6 (95,326 @ $12.29). Total proceeds ≈ $2,136,923.
- Award: 167,447 RSUs granted/settled on Feb 4, 2026 (result of PSU achievement dating to a 2022 PSU grant).
- Sales were reported as open market/private sales; footnotes F1/F4 state shares were sold to satisfy tax withholding.
- Reported weighted-average sale prices: $12.6452 (range $11.76–$13.17) and $12.3766 (range $12.2970–$12.3788) per footnotes F2 and F5.
- Shares owned after the transactions: not disclosed in the provided excerpt.
- Filing timeliness: filing indicates late (L). Late filings reduce the immediacy of disclosure but do not by themselves imply wrongdoing.
Context
The PSU achievement converted to RSUs that vested, and the subsequent sales appear to be routine withholding/sale-to-cover transactions rather than open-market purchases (which are typically viewed as stronger bullish signals). For retail investors, awards/vests increase an insider’s holdings on paper, while sales to cover taxes are common and do not necessarily indicate a change in sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-02-04$12.65/sh−58,604$741,059→ 957,252 total - Award
Common Stock
[F3]2026-02-04+167,447→ 1,124,699 total - Sale
Common Stock
[F4][F5]2026-02-05$12.38/sh−18,085$223,831→ 1,106,614 total - Sale
Common Stock
[F1]2026-02-06$12.29/sh−95,326$1,172,033→ 1,011,288 total
Footnotes (5)
- [F1]Represents shares sold to satisfy estimated tax withholding obligations upon the settlement of restricted stock units.
- [F2]The weighted average sale price for the transaction reported was $12.6452, and the range of prices were between $11.76 and $13.17. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.
- [F3]On January 28, 2022, the Reporting Person was granted a performance stock unit ("PSU") based upon total relative shareholder return during certain established performance periods over a period of four years, which was voluntarily reported on a Form 4 filed February 1, 2022. On February 4, 2026, the Board approved the achievement of the performance criteria, resulting in the grant of a restricted stock unit.
- [F4]Represents shares sold to satisfy estimated tax withholding obligations upon the settlement of PSUs.
- [F5]The weighted average sale price for the transaction reported was $12.3766, and the range of prices were between $12.2970 and $12.3788. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.