Badjate Pramod 4

What Happened
Pramod Badjate, President & GM, NFB of NETGEAR (NTGR), disposed of a total of 14,506 shares in two transactions tied to the settlement of equity and an open-market sale. On 2026-04-30, 11,506 shares were withheld to satisfy tax obligations related to the vesting/settlement of previously reported restricted stock units (withholding value reported at $290,757). On 2026-05-01, he sold 3,000 shares in the open market for approximately $76,410. Combined proceeds were about $367,167. These are dispositions (not purchases).

Key Details

• Transaction dates: 2026-04-30 (share withholding for taxes) and 2026-05-01 (open-market sale).
• Withholding: 11,506 shares at $25.27 each (value $290,757) to cover tax obligations (footnote F1).
• Open-market sale: 3,000 shares at a weighted average price of $25.47 (value $76,410); sales executed under a Rule 10b5-1 plan adopted Aug 20, 2025 (footnote F3).
• Weighted-price range: The filing reports multiple sale prices between $24.95 and $25.78; the registrant can provide a per-price breakdown on request (footnote F4).
• Other footnote: the filing notes inclusion of 1,014 ESPP shares purchased (footnote F2).
• Shares owned after the transactions: not specified in the Form 4 filing.
• Filing: Form 4 filed 2026-05-04 reporting transactions through 2026-04-30 (no late-filing flag indicated in the provided data).

Context

• Withholding to satisfy tax on vested awards is a routine administrative disposition and does not necessarily indicate a view on the company’s prospects.
• The 3,000-share sale was carried out under a pre-established 10b5-1 plan, meaning it was a pre-arranged sale program rather than an ad hoc market-timing trade.
• Total proceeds from these dispositions were roughly $367K.