Form 4: A10 Networks CEO Dhrupad Trivedi Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Dhrupad Trivedi, CEO of A10 Networks, disposed of 21,116 shares of common stock on March 12, 2024, to cover tax obligations related to a restricted stock unit grant.
Summary
- On March 12, 2024, Dhrupad Trivedi, the CEO of A10 Networks, disposed of 21,116 shares of common stock.
- The transaction was executed to cover tax obligations related to a restricted stock unit grant that vested on the same date.
- The shares were disposed of at a price of $14.85 per share.
- Following the transaction, Trivedi directly owns 474,698 shares of A10 Networks common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction.
Industry Context
This filing is a routine disclosure of insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| December 12, 2019 | Date of restricted stock unit grant |
| March 12, 2024 | Date of transaction and vesting of restricted stock units |
| March 14, 2024 | Date of signature for the SEC filing |
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