SUMMIT PARTNERS L P - 08 Sep 2022 Form 4 Insider Report for A10 Networks, Inc. (ATEN)

Reporting relationship: 10%+ Owner
Issuer ticker: ATEN
Reported as of: 08 Sep 2022
Net transaction value: -$44,625,000
SEC form: 4
Accepted by SEC: 09 Sep 2022, 16:31:24 UTC
Prior SEC filing: 28 Jun 2022
Next SEC filing: 03 Mar 2023
Source filing: View source filing
Reporting owner signature: Martin J. Mannion By: /s/ Adam H. Hennessey, POA for Martin J. Mannion

Key filing fact

SUMMIT PARTNERS L P filed Form 4 for A10 Networks, Inc. (ATEN) on 09 Sep 2022.

Key facts

This page summarizes SUMMIT PARTNERS L P's Form 4 filing for A10 Networks, Inc. (ATEN).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 09 Sep 2022, 16:31.

Change

Previous filing in this sequence was filed on 28 Jun 2022.
Current net transaction value: -$44,625,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ATEN transaction

Common Stock

Disposed to Issuer

Transaction value: $44,625,000
Shares: -3,500,000
Change %: -39%
Price: $12.75
Shares after: 5,388,206
Date: 08 Sep 2022
Ownership: See Remarks
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

SUMMIT PARTNERS L P is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Represents 2,551,588 shares sold by Summit Partners Growth Equity Fund VIII-A, L.P., 932,181 shares sold by Summit Partners Growth Equity Fund VIII-B, L.P., 14,919 shares sold by Summit Investors I, LLC, and 1,312 shares sold by Summit Investors I (UK), L.P.

Footnote F2

The reported securities are held as follows: 3,811,230 shares in the name of Summit Partners Growth Equity Fund VIII-A, L.P.; 1,392,372 shares in the name of Summit Partners Growth Equity Fund VIII-B, L.P.; 22,283 shares in the name of Summit Investors I, LLC; 1,961 shares in the name of Summit Investors I (UK), L.P.; 160,360 shares and restricted stock units in the name of Mr. Chung, which are held for the benefit of Summit Partners, L.P.

Footnote F3

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. 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 Company. Summit Partners, L.P., through a two-person Investment Committee, responsible for voting and investment decisions with respect to the Issuer, currently composed of Martin J. Mannion 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. Each of the Summit entities, Mr. Mannion 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.