Form 4 for ATEN A10 Networks, Inc.
Accepted 2024-01-31 00:00:00 ET · period of report 2024-01-29 · accession 0001580808-24-000018 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-01-31 | 2024-01-30 | ATEN | Trivedi Dhrupad | CEO, Dir | A - Grant | $0.00 | +132.5K | 594.1K | +29% | $0 |
| D | 2024-01-31 | 2024-01-29 | ATEN | Trivedi Dhrupad | CEO, Dir | S - Sale | $13.58 | -21.5K | 461.5K | -4% | -$291.9K |
| D | 2024-01-31 | 2024-01-30 | ATEN | Trivedi Dhrupad | CEO, Dir | A - Grant | $0.00 | +198.8K | 198.8K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-01-30 | A | A | 132,549 | $0.00 | 594,056 | D | — | — | (F3) Each share is represented by a Restricted Stock Unit ("RSU"). One-third (1/3) of the total RSUs will vest on each of the first three (3) anniversaries of the Vesting Commencement Date (2/1/2024), provided that the Reporting Person continues to serve through each such vesting date. |
| 2 | Common | Common Stock | 2024-01-29 | S | D | 21,498 | $13.58 | 461,507 | D | — | — | (F1) Represents the number of shares automatically sold, on a non-discretionary basis, to cover tax withholding obligations in connection with the vesting of restricted stock units. (F2) This is the weighted average price of the shares sold, which ranged from $13.58 to $13.62 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. |
| 3 | Derivative | Performance-based Restricted Stock Units | 2024-01-30 | A | A | 198,821 | $0.00 | 198,821 | D | — · — to 2028-01-30 | 198,821 Common Stock | (F4) Each share is represented by a Performance-based Restricted Stock Unit ("PSU"). (F5) Grant of 198,821 Performance-Based Restricted Stock Units, 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 period between January 30, 2024 and January 30, 2028 (each, a "Performance Milestone"). Upon achievement of a Performance Milestone, vesting is subject to continued employment with the Company through the applicable vesting date, with one-half (1/2) vesting within thirty (30) days of achievement of the Performance Milestone and an additional one-fourth (1/4) vesting on each of the first and second anniversaries of the date of achievement of the corresponding Performance Milestone. |