Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity S ecurities and Use of Proceeds
(c) Repurchase of Equity Securities by the Company
Period
Total Number of Shares Purchased (2)
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
(In millions)
July 1, 2024 - July 28, 2024
—
$
—
—
3.9
July 29, 2024 - August 25, 2024
110,768
$
15.02
98,784
3.8
August 26, 2024 - September 29, 2024
12,993
$
19.62
—
3.8
Total
123,761
$
15.50
98,784
(1) From time to time, our Board of Directors has authorized programs under which we may repurchase shares of our common stock, depending on market conditions, in the open market or through privately negotiated transactions. On July 16, 2024, the Board of Directors authorized management to repurchase up to 3.0 million shares of our outstanding common stock, incremental to the remaining shares under our previous repurchase program.
(2) During the three months ended September 29, 2024, we repurchased and retired, as reported on trade date, approximately 25,000 shares of common stock at a cost of approximately $0.4 million to facilitate tax withholding for Restricted Stock Units.
Item 3. Defaults Upon Se nior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
Item 5. Other Inf ormation
Insider Trading Arrangements
None .
Item 6. Exhi bits
Exhibit Index
Incorporated by Reference
Exhibit Number
Exhibit Description
Form
Date
Number
Filed Herewith
3.1
Amended and Restated Certificate of Incorporation of the registrant
10-Q
8/4/2017
3.1
3.2
Amended and Restated Bylaws of the registrant
8-K
4/20/2018
3.2
4.1
Form of registrant's common stock certificate
S-1/A
7/14/2003
4.1
10.1
Office Lease, dated as of September 26, 2024, by and between the registrant and A&M PEAK FIRST STREET, LLC
X
31.1
Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer
X
31.2
Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer
X
32.1#
Section 1350 Certification of Principal Executive Officer
X
67
Table of Contents
32.2#
Section 1350 Certification of Principal Financial Officer
X
101.INS
Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File as its XBRL tags are embedded within the Inline XBRL document
X
101.SCH
Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents
X
104*
Cover page formatted as Inline XBRL and contained in Exhibit 101
X
#
This certification is deemed to accompany this Form 10-Q and will not be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section. This certification will not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference.
*
Included in Interactive Data File covered by Exhibit 101.
68
Table of Contents
SIGNA TURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
NETGEAR, INC.
Registrant
/s/ BRYAN D. MURRAY
Bryan D. Murray
Chief Financial Officer
(Principal Financial and Accounting Officer)
Date: November 1, 2024
69
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.