MCRAE MATTHEW BLAKE 4

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.