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
March 31, 2025 - April 27, 2025
1,195
$
24.46
—
3,099,357
April 28, 2025 - May 25, 2025
420,435
$
27.17
257,861
2,841,496
May 26, 2025 - June 29, 2025
20,679
$
29.33
—
2,841,496
Total
442,309
$
27.26
257,861
(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.
(2) During the three months ended June 29, 2025, we repurchased, retired, and reported, based on trade date, approximately 184,000 shares of common stock at a cost of approximately $4.6 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
During the three months ended June 29, 2025, our Board of Directors and officers (as defined in Rule 16a-1(f)) under the Exchange Act adopted or terminated the contracts, instructions or written plans for the purchase or sale of the Company’s securities set forth in the table below.
Type of Trading Arrangement
Name and Title
Action
Adoption/Termination Date
Rule 10b5-1*
Non-Rule 10b5-1**
Total Shares of Common Stock to be Sold***
Total Shares of Common Stock to be Purchased
Expiration Date
Pramod Badjate , President and General Manager , NETGEAR for Business
Adopted
5/12/2025
Yes
Up to 20 % of net shares resulting from the vesting of 82,502 (gross) restricted stock units.
N/A
4/30/2026
Shravan Goli , Director
Adopted
5/23/2025
Yes
Up to 13,803 shares of our common stock resulting from the vested and vesting of restricted stock units
N/A
11/15/2025
Bradley Maiorino , Director
Adopted
6/10/2025
Yes
Up to 13,063 of our common stock resulting from the vested restricted stock units.
N/A
5/31/2026
* Contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
** “Non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K under the Exchange Act
*** Net shares issued with shares withheld to administratively facilitate the withholding and subsequent remittance of personal income and payroll taxes for the vesting of RSUs and PSUs.
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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
2025 Equity Incentive Plan and forms of agreement thereunder
S-8
6/4/2025
99.1
10.2
2003 Employee Stock Purchase Plan, as amended
S-8
6/4/2025
99.2
10.3
2024 Inducement Equity Incentive Plan, as amended, and forms of agreement thereunder
S-8
6/4/2025
99.3
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
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.
72
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: August 1, 2025
73
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.