BRUENING MATTHEW P 4
4 · A10 Networks, Inc. · Filed Feb 22, 2023
Insider Transaction Report
Form 4
BRUENING MATTHEW P
EVP, Worldwide Sales
Transactions
- Award
Performance-based Restricted Stock Units
2023-02-21+31,767→ 31,767 totalExp: 2027-02-21→ Common Stock (31,767 underlying) - Award
Common Stock
2023-02-21+21,178→ 127,753 total
Footnotes (3)
- [F1]Each share is represented by a Restricted Stock Unit ("RSU"). One-third (1/3) of the total RSUs will vest on each of the first three (3) anniversaries of the Vesting Commencement Date (2/1/2023), provided that the Reporting Person continues to serve through each such vesting date.
- [F2]Each share is represented by a Performance-based Restricted Stock Unit ("PSU").
- [F3]Grant of 31,767 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 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 21, 2023 and February 21, 2027 (each, a "Performance Milestone"). Upon achievement of a Performance Milestone, vesting is subject to continued employment with the Company through the applicable vesting date, with one-half (1/2) vesting within thirty (30) days of achievement of the Performance Milestone and an additional one-fourth (1/4) vesting on each of the first and second anniversaries of the date of achievement of the corresponding Performance Milestone.