Thomas Karen S. 4
4 · A10 Networks, Inc. · Filed Sep 11, 2023
Insider Transaction Report
Form 4
Thomas Karen S.
EVP, Worldwide Sales and Mkt
Transactions
- Award
Common Stock
2023-09-07+24,840→ 24,840 total - Award
Performance-based Restricted Stock Units
2023-09-07+24,840→ 0 totalExp: 2027-09-07→ Common Stock (24,840 underlying)
Footnotes (3)
- [F1]Each share is represented by a Restricted Stock Unit ("RSU"). One-fourth (1/4) of the total RSUs will vest on each of the first four (4) anniversaries of the Vesting Commencement Date (9/5/2023), provided that the Reporting Person continues to serve through each vesting date.
- [F2]Each share is represented by a Performance-based Restricted Stock Unit ("PSU")
- [F3]Grant of 24,840 Performance-Based Restricted Stock Units, each of which represents a contingent right to receive one share of common stock of ATEN, with vesting subject to the achievement of a specified level of the volume weighted average closing prices of a share of ATEN common stock during any one hundred (100) day trading period between September 7, 2023 and September 7, 2027 (the "Performance Milestone"). Upon achievement of the Performance Milestone, vesting is subject to continued employment with the Company through the applicable vesting date, which occurs in three equal installments with the first vesting to occur within thirty (30) days of achievement of the Performance Milestone and an additional one-third (1/3) on each of the first and second anniversaries of the date of achievement of the Performance Milestone.