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A10 Networks, Inc. Director's Dealing 2025

Mar 12, 2025

32028_dirs_2025-03-11_70f74a31-b69c-4dcf-9c32-003c05fc3d66.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: A10 Networks, Inc. (ATEN)
CIK: 0001580808
Period of Report: 2025-03-10

Reporting Person: Becker Brian (Chief Financial Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-03-10 Common Stock M 7306 Acquired 77681 Direct
2025-03-10 Common Stock M 10125 Acquired 87806 Direct
2025-03-11 Common Stock F 3807 $19.38 Disposed 83999 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-03-10 Performance-based Restricted Stock Units $0 M 7306 Disposed 2026-01-25 Common Stock (7306) Direct
2025-03-10 Performance-based Restricted Stock Units $ M 10125 Disposed 2027-02-21 Common Stock (10125) Direct

Footnotes

F1: Performance-Based Restricted Stock ("PSUs") Units were previously reported on January 27, 2022, each of which represents a contingent right to receive one share of common stock of ATEN, with vesting subject to the achievement of specified levels of the volume weighted average closing prices of a share of ATEN common stock during any one hundred (100) day trading period between January 25, 2022 and January 25, 2026. The third achievement date occurred on February 24, 2025, as certified by the compensation committee of ATEN, resulting in 7,306 units meeting the appropriate performance-based conditions. However, these shares remain subject to time-based vesting conditions and will therefore vest as to one-third (1/3) on March 10, 2025 and an additional one-third (1/3) to vest on the each of the first and second anniversaries of February 24, 2025, subject to continued employment. These shares are reflected on Table I.

F2: PSUs that were previously reported on February 22, 2023, each of which represents a contingent right to receive one share of common stock of ATEN, with
vesting subject to the achievement of specified levels of the volume weighted average closing prices of a share of ATEN common stock during any one hundred (100) day trading period between
February 21, 2023 and February 21, 2027. The second achievement date occurred on February 28, 2025, as certified by the compensation committee of ATEN, resulting in 10,125 units meeting the
appropriate performance-based conditions. However, these shares remain subject to time-based vesting conditions and will therefore vest as to one-half (1/2) on March 10, 2025 and an additional one-fourth (1/4) on each of the first and second anniversaries of February 28, 2025, subject to continued employment. These shares are reflected on Table I.

F3: Includes 1,237 shares automatically withheld, on a non-discretionary basis, for tax purposes related to a January 25, 2022 performance restricted stock unit grant, and 2,570 shares automatically
withheld, on a non-discretionary basis, for tax purposes related to a February 21, 2023 performance restricted stock unit grant, each that vested on March 10, 2025.