AI assistant
A10 Networks, Inc. — Director's Dealing 2025
Mar 12, 2025
32028_dirs_2025-03-11_70f74a31-b69c-4dcf-9c32-003c05fc3d66.zip
Director's Dealing
Open in viewerOpens in your device viewer
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.