ATEN insider Robert Weber donates 600 shares to charity, retains 56k shares
Rhea-AI Filing Summary
Insider reporting for A10 Networks, Inc. (ATEN) shows General Counsel Robert Scott Weber disposed of 600 shares of common stock on 08/18/2025 through a gift transaction coded G. The filing reports Mr. Weber continues to beneficially own 56,013 shares directly after the transaction. The form states the 600-share transfer was a bona fide gift to a tax-exempt public charity under Section 501(c)(3) of the Internal Revenue Code. The filing was executed via attorney-in-fact.
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Insights
TL;DR: A routine charitable gift by a senior officer reduced direct holdings modestly; no control or governance change indicated.
The report documents a non-sale transfer of 600 shares by the company's General Counsel, recorded as a gift to a tax-exempt charity. The transaction code G and the explanation confirm charitable intent rather than market disposition. Post-transaction direct beneficial ownership remains at 56,013 shares, implying the officer retains a meaningful personal stake. There are no disclosures here of hedging, pledging, option exercises, or related-party transfers that would suggest governance or control shifts.
TL;DR: The disposition is tax-charitable in nature and small relative to total holdings; it does not reflect compensation realization.
The form explicitly characterizes the 600-share movement as a bona fide gift to a Section 501(c)(3) charity, indicating tax-motivated philanthropy rather than monetization of equity compensation. The filing does not show option exercises, vesting events, or cash proceeds; price is reported as $0 consistent with a gift. Given the remaining direct holding of 56,013 shares, this transaction is immaterial to long-term equity exposure from a compensation accounting perspective.