Oakes Jonathan Russell 4

What Happened
Jonathan Oakes, SVP and GM of Home Networking at NETGEAR (NTGR), was granted two awards on April 2, 2026: 22,946 time‑based restricted stock units (RSUs) and 22,946 performance‑based RSUs, for a total of 45,892 units. Both awards were granted at $0.00 (no cash paid). These are grants/awards (A) rather than open‑market purchases or sales.

Key Details

• Transaction date: April 2, 2026; Form 4 filed April 6, 2026 (filed within the required reporting window).
• Award amounts and price: 22,946 RSUs (time‑based) @ $0.00 and 22,946 performance RSUs (derivative) @ $0.00; total 45,892 units.
• Shares owned after transaction: Not disclosed in the filing.
• Vesting / conditions:
  • Time‑based RSUs (F1): 1/3 vest on April 30, 2027, then 1/12 vest in equal quarterly installments thereafter, subject to continued service.
  • Performance RSUs (F2): Eligible to vest based on performance over the period April 2, 2026–December 31, 2028; if eligible, 100% vests on the three‑year anniversary of the grant (subject to continued service).
• Transaction code: A = Award/Grant; second line is a derivative award (performance RSUs).

Context
These grants are awards, not sales or exercises—they represent future compensation that vests over time and/or upon achievement of performance goals. Performance RSUs may never vest if targets aren’t met; time‑based RSUs will vest only with continued service per the stated schedule. No immediate sale or cashless exercise occurred.