Peter Y. Chung - May 17, 2023 Form 4 Insider Report for A10 Networks, Inc. (ATEN)

Role
Director
Signature
/s/Adam H. Hennessey, POA for Peter Y. Chung
Stock symbol
ATEN
Transactions as of
May 17, 2023
Transactions value $
$0
Form type
4
Date filed
5/18/2023, 06:19 PM
Previous filing
Mar 7, 2023
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATEN Common Stock Award $0 +14.1K +0.36% $0.00 3.9M May 17, 2023 See Remarks F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units granted to Mr. Chung as part of the director compensation program. The restricted stock units will vest on the earlier of April 26, 2024 or the date of the Issuer's next Annual Meeting, and will settle solely by delivery of an equal number of shares of Common Stock provided that Mr. Chung remains in continuous service with the Issuer through the vesting date.
F2 The reported securities are held as follows: 2,717,692 shares in the name of Summit Partners Growth Equity Fund VIII-A, L.P.; 992,866 shares in the name of Summit Partners Growth Equity Fund VIII-B, L.P.; 15,889 shares in the name of Summit Investors I, LLC; 1,399 shares in the name of Summit Investors I (UK), L.P.; 174,464 shares and restricted stock units in the name of Mr. Chung, which are held for the benefit of Summit Partners, L.P.
F3 Mr. Chung holds any Common Stock and restricted stock units for the benefit of Summit Partners, L.P. which he has empowered to determine when the underlying shares will be sold and which is entitled to the proceeds of any such sales. Summit Partners, L.P. is the managing member of Summit Partners GE VIII, LLC, which is the general partner of Summit Partners GE VIII, L.P., which is the general partner of each of Summit Partners Growth Equity Fund VIII-A, L.P. and Summit Partners Growth Equity Fund VIII-B, L.P.
F4 (Continued from footnote 3) Summit Master Company, LLC is the managing member of Summit Investors Management, LLC, which is the manager of Summit Investors I, LLC and the general partner of Summit Investors I (UK), L.P. Summit Partners GE VIII, LLC, as the general partner of Summit Partners GE VIII, L.P., and Summit Master Company, LLC, as the managing member of Summit Investors Management, LLC has each delegated investment decisions, including voting and dispositive power, to Summit Partners, L.P. and its Investment Committee responsible for voting and investment decisions with respect to the Issuer.
F5 (Continued from footnote 4) Summit Partners, L.P., through a two-person Investment Committee, responsible for voting and investment decisions with respect to the Issuer, currently composed of Scott C. Collins and Peter Y. Chung, has voting and dispositive authority over the shares and restricted stock units reported herein and therefore may be deemed to beneficially own such shares. Summit Partners, L.P., Mr. Collins and Mr. Chung each disclaim beneficial ownership of the shares of Common Stock and the restricted stock units, except to the extent of their respective pecuniary interest therein.