A10 Networks (ATEN) CEO sells 100,000 shares, granted 131,516 PSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
A10 Networks CEO Dhrupad Trivedi reported planned stock sales and new equity awards. On February 11–13, 2026, he sold three blocks of common stock totaling 100,000 shares in open-market transactions at weighted average prices around $20.55–$20.69 per share, under a Rule 10b5-1 trading plan adopted on September 12, 2025. After these sales, he held 713,597 common shares directly.
On February 12, 2026, he also received 131,516 restricted stock units and a separate grant of 131,516 performance-based restricted stock units. The time-based RSUs vest in three equal annual installments starting February 1, 2026, while the PSUs vest based on A10’s volume-weighted average closing price performance between February 12, 2026 and February 12, 2030, along with continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 100,000 shares ($2,060,000)
Net Sell
5 txns
Insider
Trivedi Dhrupad
Role
Chief Executive Officer
Sold
100,000 shs ($2.06M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 33,334 | $20.55 | $685K |
| Grant/Award | Performance-based Restricted Stock Units | 131,516 | $0.00 | -- |
| Sale | Common Stock | 33,333 | $20.56 | $685K |
| Grant/Award | Common Stock | 131,516 | $0.00 | -- |
| Sale | Common Stock | 33,333 | $20.69 | $690K |
Holdings After Transaction:
Common Stock — 713,597 shares (Direct);
Performance-based Restricted Stock Units — 131,516 shares (Direct)
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2025. This is the weighted average price of the shares sold, which ranged from $20.51 to $21.10 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. This is the weighted average price of the shares sold, which ranged from $20.18 to $21.11 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. 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 (2/1/2026), provided that the Reporting Person continues to serve through each such vesting date. This is the weighted average price of the shares sold, which ranged from $20.23 to $20.72 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. Each share is represented by a Performance-based Restricted Stock Unit ("PSU"). Grant of 131,516 PSUs, 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 12, 2026 and February 12, 2030 (each, a "Performance Milestone"). Upon achievement of a Performance Milestone, vesting is subject to continued employment with the Company through the applicable vesting date, the first fifty percent ( 50%) of which will occur within thirty (30) days of achievment of the applicable milestone and the balance to vest twenty-five percent (25%) on each of the first and second anniversaries of achievement of the corresponding Performance Milestone.
FAQ
What insider transactions did A10 Networks (ATEN) CEO Dhrupad Trivedi report?
He reported selling 100,000 shares of common stock over February 11–13, 2026, at weighted average prices around the low $20s per share, and receiving grants of 131,516 restricted stock units plus 131,516 performance-based restricted stock units on February 12, 2026.
Were the A10 Networks (ATEN) CEO stock sales part of a trading plan?
Yes. The filing states the reported sales were effected under a Rule 10b5-1 trading plan adopted by Dhrupad Trivedi on September 12, 2025. Such plans are pre-arranged, and the sales were then executed on February 11–13, 2026 at specified market prices.
What equity awards did the A10 Networks (ATEN) CEO receive in this Form 4?
On February 12, 2026, he received 131,516 restricted stock units and 131,516 performance-based restricted stock units. Each unit represents a right to receive one share of A10 Networks common stock upon satisfying the applicable vesting and performance conditions described in the filing.
How do the A10 Networks (ATEN) CEO’s RSUs from this grant vest?
The time-based RSUs vest in three equal installments. One-third vests on each of the first three anniversaries of the vesting commencement date of February 1, 2026, provided Dhrupad Trivedi continues to serve through each applicable vesting date, as specified in the disclosure.
What performance conditions apply to the A10 Networks (ATEN) CEO’s PSUs?
The 131,516 performance-based RSUs vest only if specified performance milestones are met. These milestones depend on volume-weighted average closing prices of ATEN common stock during any 100-day trading period between February 12, 2026 and February 12, 2030, plus continued employment through each vesting date.