A10 Networks (NYSE: ATEN) CEO exercises performance RSUs and withholds 32,858 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
A10 Networks, Inc. Chief Executive Officer Dhrupad Trivedi reported performance-based equity vesting and related tax-withholding transactions in company stock. On May 5, 2026, he exercised performance-based restricted stock units that had met performance conditions, converting them into shares of common stock.
Footnotes explain that 63,406 units from a February 6, 2025 grant and 65,753 units from a February 12, 2026 grant satisfied specified volume weighted average price targets in April 2026. These shares remain subject to time-based vesting, with one-half vesting on May 5, 2026 and one-fourth on each of the first and second anniversaries of their April 2026 achievement dates, subject to continued employment.
On May 6, 2026, 32,858 shares of common stock were automatically withheld on a non-discretionary basis for tax purposes at $27.13 per share. After these transactions, Trivedi directly holds 791,536 shares of A10 Networks common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
129,159 shares exercised/converted
Mixed
5 txns
Insider
Trivedi Dhrupad
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 32,858 | $27.13 | $891K |
| Exercise | Performance-based Restricted Stock Units | 63,406 | $0.00 | -- |
| Exercise | Performance-based Restricted Stock Units | 65,753 | $0.00 | -- |
| Exercise | Common Stock | 63,406 | $0.00 | -- |
| Exercise | Common Stock | 65,753 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 791,536 shares (Direct, null);
Performance-based Restricted Stock Units — 63,406 shares (Direct, null)
Footnotes (1)
- Performance-Based Restricted Stock Units were previously reported on February 10, 2025, 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 6, 2025 and February 6, 2029. The first achievement date occurred on April 16, 2026, as certified by the compensation committee of ATEN, resulting in 63,406 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 May 5, 2026 and an additional one-fourth (1/4) on each of the first and second anniversaries of April 16, 2026, subject to continued employment. These shares are reflected on Table I. Performance-Based Restricted Stock Units that were previously reported on February 13, 2026, 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. The first achievement date occurred on April 22, 2026, as certified by the compensation committee of ATEN, resulting in 65,753 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 May 5, 2026 and an additional one-fourth (1/4) on each of the first and second anniversaries of April 22, 2026, subject to continued employment. These shares are reflected on Table I. Includes 16,130 shares and 16,728 shares automatically withheld, on a non-discretionary basis, for tax purposes related to a February 6, 2025 performance-based restricted stock unit grant and a February 12, 2026 performance-based restricted stock unit grant, respectively, each that vested on May 5, 2026.
Key Figures
Tax-withheld shares: 32,858 shares at $27.13
Shares held after transactions: 791,536 shares
Exercise shares from RSUs: 129,159 shares
+3 more
6 metrics
Tax-withheld shares
32,858 shares at $27.13
Automatic non-discretionary withholding for taxes on May 6, 2026
Shares held after transactions
791,536 shares
Common stock directly held following reported Form 4 transactions
Exercise shares from RSUs
129,159 shares
Total shares from derivative exercises reported (performance-based RSUs)
2025 grant performance units
63,406 units
Performance-based RSUs from February 6, 2025 grant meeting performance conditions
2026 grant performance units
65,753 units
Performance-based RSUs from February 12, 2026 grant meeting performance conditions
Tax-withholding breakdown
16,130 and 16,728 shares
Shares withheld for taxes on 2025 and 2026 performance-based RSU grants
Key Terms
Performance-based Restricted Stock Units, volume weighted average closing prices, time-based vesting conditions, non-discretionary basis, +1 more
5 terms
Performance-based Restricted Stock Units financial
"Performance-Based Restricted Stock Units were previously reported on February 10, 2025, each of which represents a contingent right to receive one share of common stock"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
volume weighted average closing prices financial
"with vesting subject to the achievement of specified levels of the volume weighted average closing prices of a share of ATEN common stock"
time-based vesting conditions financial
"However, these shares remain subject to time-based vesting conditions and will therefore vest as to one-half (1/2) on May 5, 2026"
non-discretionary basis financial
"Includes 16,130 shares and 16,728 shares automatically withheld, on a non-discretionary basis, for tax purposes"
contingent right financial
"each of which represents a contingent right to receive one share of common stock of ATEN"
FAQ
What insider transactions did A10 Networks (ATEN) CEO Dhrupad Trivedi report?
He reported performance-based equity vesting and related tax withholding. On May 5, 2026, performance-based restricted stock units converted into common shares, and on May 6, 2026, 32,858 shares were automatically withheld for taxes, leaving him with 791,536 directly held shares.
How many performance-based restricted stock units vested for A10 Networks (ATEN) CEO?
Footnotes state 63,406 units from a February 6, 2025 grant and 65,753 units from a February 12, 2026 grant met performance conditions. These units represent rights to receive one share of ATEN common stock each, subject to additional time-based vesting requirements.
What are the vesting conditions on A10 Networks (ATEN) CEO’s performance-based RSUs?
The units vest in two stages: first, upon meeting specified volume weighted average closing price targets over defined 100-day trading periods, then through time-based vesting. After meeting performance conditions, one-half vests on May 5, 2026 and one-fourth on each of the next two anniversaries, subject to continued employment.
What price was used for the tax-withholding disposition in the A10 Networks (ATEN) Form 4?
The tax-withholding disposition of 32,858 A10 Networks common shares was reported at $27.13 per share. This withholding was described as automatic and non-discretionary, undertaken to satisfy tax obligations related to vesting performance-based restricted stock unit grants.