NETGEAR CEO Charles J. Prober Withholds 18,394 Shares for Taxes

What Happened

• Charles J. Prober, CEO of NETGEAR, had 18,394 shares withheld by the company to satisfy tax withholding obligations related to the vesting and settlement of previously reported restricted stock units (RSUs). The shares were valued at $25.27 each, for a total of approximately $464,816. This was a company-withheld disposition for taxes (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-04-30
• Price used for withholding: $25.27 per share
• Shares withheld/disposed: 18,394; total value ≈ $464,816
• Footnotes: withholding to satisfy tax obligations on vested RSUs (F1); includes 1,014 ESPP shares purchased (F2); shares are held by the Prober 2026 NTGR GRAT (F3)
• Filing: Form filed with accession 0001696247-26-000004 on 2026-05-04 (timely per standard Form 4 reporting window)

Context

• Tax-withholding dispositions like this are routine when RSUs vest and do not necessarily signal the insider's view of the company. This was a cashless tax withholding by the issuer rather than an open-market sale by the insider.