A10 Networks, Inc. 8-K

What Happened

• A10 Networks, Inc. announced that Sheen Khoury was terminated as Executive Vice President, Worldwide Sales and Marketing effective April 27, 2026.
• On May 2, 2026, the company and Mr. Khoury executed a Separation Agreement and Release; the Agreement becomes effective on the eighth day after Mr. Khoury signs (unless revoked).
• In exchange for delivering an effective release of claims, certain restricted stock units will vest on the Agreement’s Effective Date: 11,667 RSUs and 21,385 performance-based RSUs (the performance thresholds were met and service-vesting conditions were nearly met).

Key Details

• Termination date: April 27, 2026; Separation Agreement executed: May 2, 2026; Effective Date: 8 days after signing if not revoked.
• Accelerated equity: 11,667 time-based RSUs + 21,385 performance-based RSUs (total 33,052 shares referenced in the filing).
• Condition: Vesting acceleration is contingent on Mr. Khoury providing an effective release of claims.
• No other cash severance, benefits, or compensation will be provided in connection with the termination.

Why It Matters

• For investors, accelerated vesting means these equity awards could convert to shares sooner, potentially increasing outstanding share count and modestly diluting existing holders.
• The filing confirms the company did not agree to additional cash severance or benefits, limiting near-term cash impact from the departure.