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Our common stock is listed and traded on the New York Stock Exchange (“NYSE”) under the symbol “ARLO”.
−Removed: Holders of Common Stock
+Added: Holders of Record
On February 25, 2025, there were nine stockholders of record, one of which was Cede & Co., a nominee for Depository Trust Company (“DTC”).
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The number of record holders is based upon the actual number of holders registered on our books at such date and does not include holders of shares held by brokers in “street names” or persons, partnerships, associations, corporations or other entities identified in security position listings maintained by depository trust companies, and we are unable to estimate the total number of stockholders represented by these record holders.
+Added: Dividend Policy
We have not historically declared or paid cash dividends on our common stock.
We do not anticipate paying cash dividends in the foreseeable future.
−Removed: Securities Authorized for Issuance under Equity Compensation Plans
−Removed: See Item 12 of Part III of this Annual Report on Form 10-K regarding information about securities authorized for issuance under our equity compensation plans.
−Removed: Recent Sales of Unregistered Securities and Purchases of Equity Securities by the Issuer
+Added: Repurchases of Equity Securities by the Issuer
+Added: The following table summarizes the share repurchase activity for the quarter ended December 31, 2024.
+Added: Total Number of Shares Purchased Average Price Paid Per Share (2)
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
+Added: September 30 - October 27, 2024 — — — —
+Added: October 28 - December 1, 2024 — — — —
+Added: December 2 - December 31, 2024 378,745 $11.67 378,745 $45,579,229
+Added: Total 378,745 378,745 $45,579,229
+Added: _________________________
+Added: (1) On September 24, 2024, we announced that our Board of Directors approved a stock repurchase program of up to an aggregate of $50 million of shares of Arlo’s common stock.
+Added: The timing and actual number of shares repurchased depend on a variety of factors, including price, general business and market conditions, and other investment opportunities, and shares may be repurchased through open market purchases, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act.
+Added: The stock repurchase program is expected to continue through December 31, 2026 unless extended or shortened by our Board of Directors.
+Added: (2) Average price paid per share includes commission costs, but excludes the 1% excise tax accrued on our share repurchases as a result of the Inflation Reduction Act of 2022.
+Added: Commission costs associated with share repurchases and excise taxes do not reduce the remaining authorized amount under our repurchase programs.
+Added: Recent Sales of Unregistered Securities
Stock Performance Graph
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.