Badjate Pramod 4

What Happened
Pramod Badjate, President & GM (NFB) of NETGEAR, reported two equity transactions: 7,775 shares were withheld by the issuer to satisfy tax withholding related to vested RSUs (reported as a disposition under code F) on 2026-01-31 (7,775 shares × $20.91 = $162,575). Separately, Badjate sold 3,000 shares in an open-market sale on 2026-02-02 at a weighted average price of $20.97 per share for proceeds of $62,910. These are sales/dispositions (not purchases).

Key Details

• Transaction dates: 2026-01-31 (tax withholding of 7,775 shares) and 2026-02-02 (open-market sale of 3,000 shares).
• Prices & values: withholding recorded at $20.91/share (total $162,575); sale weighted average $20.97/share (total $62,910); sale prices ranged $20.71–$21.41.
• Shares owned after the transactions: Not specified in this Form 4.
• Footnotes: tax withholding to cover RSU taxes (F1); open-market sale executed under a Rule 10b5‑1 trading plan adopted Aug 20, 2025 (F2); reported sale price is a weighted average with per-trade prices available on request (F3).
• Filing: Form 4 filed Feb 3, 2026; the filing shows these transactions but does not indicate a late-filing flag.

Context
The 7,775-share transaction is a withholding of shares by the company to satisfy tax obligations on vested restricted stock units (a common, non-market-driven disposition). The 3,000-share sale was executed under a pre-established Rule 10b5‑1 plan, which typically schedules sales independent of contemporaneous company news. These are routine insider disposals and, by themselves, do not necessarily indicate a change in the insider’s view of the company.