Form 4: Khoury Sheen George reports acquisition/exercise transactions in ATEN
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Khoury Sheen George reported acquisition or exercise transactions in a Form 4 filing for ATEN. The filing lists transactions totaling 15,542 shares. Following the reported transactions, holdings were 7,771 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Khoury Sheen George
Role
Executive VP, Sales and Mktg
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-based Restricted Stock Units | 7,771 | $0.00 | -- |
| Grant/Award | Common Stock | 7,771 | $0.00 | -- |
Holdings After Transaction:
Performance-based Restricted Stock Units — 7,771 shares (Direct);
Common Stock — 44,294 shares (Direct)
Footnotes (1)
- 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. Each share is represented by a Performance-based Restricted Stock Unit ("PSU"). Grant of 7,771 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 transaction did A10 Networks (ATEN) report for Khoury Sheen George?
A10 Networks reported that executive vice president Khoury Sheen George received equity awards on 02/12/2026. He acquired 7,771 shares of common stock at $0 and 7,771 performance-based restricted stock units, both held directly as part of his compensation.
What are the vesting terms for Khoury Sheen George’s A10 Networks RSUs?
The time-based restricted stock units vest over three years. One-third of the total RSUs vests on each of the first three anniversaries of the 02/01/2026 vesting commencement date, provided Khoury Sheen George continues to serve through each applicable vesting date.
How do the performance-based restricted stock units (PSUs) at A10 Networks vest?
The 7,771 PSUs vest only if A10 Networks stock hits specified volume-weighted average price levels during any 100-day trading period from February 12, 2026 to February 12, 2030, and if Khoury Sheen George remains employed through each related vesting date.
Are Khoury Sheen George’s A10 Networks equity awards open-market purchases?
No, the Form 4 identifies these as grants, not open-market purchases. Both the 7,771 common shares and 7,771 performance-based restricted stock units were acquired at a price of $0 as compensation awards, rather than through buying shares in the market.
How is PSU vesting for A10 Networks (ATEN) structured after a performance milestone is reached?
Once a performance milestone is achieved, 50% of the related PSUs vest within 30 days. The remaining 50% vests in two equal 25% installments on the first and second anniversaries of that milestone, assuming continued employment through each vesting date.