Robert Scott Weber - 23 Jan 2025 Form 4 Insider Report for A10 Networks, Inc. (ATEN)

Role: General Counsel
Signature: /s/ Jill Osato, Attorney-in-fact
Issuer symbol: ATEN
Transactions as of: 23 Jan 2025
Net transactions value: -$39,776
Form type: 4
Filing time: 27 Jan 2025, 18:27:41 UTC
Previous filing: 30 Dec 2024
Next filing: 04 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATEN	Common Stock	Options Exercise	$0	+7,290	+22%	$0.000000	40,963	23 Jan 2025	Direct	F1
transaction	ATEN	Common Stock	Tax liability	$39,776	-2,044	-5%	$19.46	38,919	24 Jan 2025	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ATEN	Performance-based Restricted Stock Units	Options Exercise	$0	-7,290	-100%	$0.000000	0	23 Jan 2025	Common Stock	7,290		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance-Based Restricted Stock Units were previously reported on January 31, 2024, 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 January 30, 2024 and January 30, 2028. The second milestone achievement date occurred on January 15, 2025, as certified by the compensation committee of ATEN, resulting in 7,290 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 January 23, 2025 and an additional one-fourth (1/4) on each of the first and second anniversaries of January 15, 2025, subject to continued employment. These shares are reflected on Table I.
F2	Shares automatically withheld, on a non-discretionary basis, for tax purposes related to a January 30, 2024 performance restricted stock unit grant that vested on January 23, 2025.

Content

Performance-Based Restricted Stock Units were previously reported on January 31, 2024, 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 January 30, 2024 and January 30, 2028. The second milestone achievement date occurred on January 15, 2025, as certified by the compensation committee of ATEN, resulting in 7,290 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 January 23, 2025 and an additional one-fourth (1/4) on each of the first and second anniversaries of January 15, 2025, subject to continued employment. These shares are reflected on Table I.

Shares automatically withheld, on a non-discretionary basis, for tax purposes related to a January 30, 2024 performance restricted stock unit grant that vested on January 23, 2025.