Form 4 for ATEN A10 Networks, Inc.
Accepted 2025-03-11 00:00:00 ET · period of report 2025-03-10 · accession 0001580808-25-000049 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-03-11 | 2025-03-10 | ATEN | Trivedi Dhrupad | CEO, Dir | M - OptEx | $0.00 | +128.1K | 816.5K | +19% | $0 |
| D | 2025-03-11 | 2025-03-11 | ATEN | Trivedi Dhrupad | CEO, Dir | F - Tax | $19.38 | -28.4K | 788.1K | -3% | -$550.6K |
| DM | 2025-03-11 | 2025-03-10 | ATEN | Trivedi Dhrupad | CEO, Dir | M - OptEx | $0.00 | -128.1K | 0 | -100% | $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 | 2025-03-10 | M | A | 48,711 | $0.00 | 737,107 | D | — | — | (F1) Performance-Based Restricted Stock Units ("PSUs") 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 milestone achievement date occurred on February 24, 2025, as certified by the compensation committee of ATEN, resulting in 48,711 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) on each of the first and second anniversaries of February 24, 2025, subject to continued employment. These shares are reflected on Table I. |
| 2 | Common | Common Stock | 2025-03-11 | F | D | 28,409 | $19.38 | 788,115 | D | — | — | (F3) Includes 8,245 shares automatically withheld, on a non-discretionary basis, for tax purposes related to a January 25, 2022 performance restricted stock unit grant, and 20,164 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. |
| 3 | Common | Common Stock | 2025-03-10 | M | A | 79,417 | $0.00 | 816,524 | D | — | — | (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 79,417 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. |
| 4 | Derivative | Performance-based Restricted Stock Units | 2025-03-10 | M | D | 79,417 | $0.00 | 0 | D | — · — to 2027-02-21 | 79,417 Common Stock | (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 79,417 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. |
| 5 | Derivative | Performance-based Restricted Stock Units | 2025-03-10 | M | D | 48,711 | $0.00 | 0 | D | — · — to 2026-01-25 | 48,711 Common Stock | (F1) Performance-Based Restricted Stock Units ("PSUs") 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 milestone achievement date occurred on February 24, 2025, as certified by the compensation committee of ATEN, resulting in 48,711 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) on each of the first and second anniversaries of February 24, 2025, subject to continued employment. These shares are reflected on Table I. |