Form 4: A10 Networks CEO Dhrupad Trivedi Reports Tax-Related Stock Withholding
Insider Transaction Report
A10 Networks CEO Dhrupad Trivedi reported the automatic withholding of shares for tax purposes following the vesting of restricted stock units.
Summary
- Dhrupad Trivedi, CEO and Director of A10 Networks, Inc. (ATEN), reported transactions involving the disposition of common stock.
- On January 31, 2026, 10,102 shares of common stock were automatically withheld for tax purposes at a price of $17.44 per share.
- These shares were related to performance-based restricted stock units granted on February 21, 2023, which vested on January 31, 2026.
- Following this transaction, Dhrupad Trivedi beneficially owned 752,287 shares directly.
- On February 1, 2026, an additional 61,945 shares of common stock were automatically withheld for tax purposes at a price of $17.44 per share.
- These shares were related to restricted stock units granted on February 21, 2023, January 30, 2024, and February 6, 2025, all of which vested on February 1, 2026.
- After the February 1, 2026 transaction, Dhrupad Trivedi beneficially owned 690,342 shares directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It reports a routine, non-discretionary transaction related to executive compensation and tax obligations, which does not indicate a change in company fundamentals or management sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
StockSavvy.ai notes that the automatic withholding of shares for tax purposes upon the vesting of restricted stock units is a common and routine event for executives receiving equity compensation. This type of transaction is a standard part of executive compensation plans across the technology industry and does not typically reflect a discretionary sale or change in management's outlook on the company.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary tax-related transaction and not a discretionary sale indicating a change in confidence.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| February 21, 2023 | Grant date for performance-based restricted stock units and some restricted stock units. |
| January 30, 2024 | Grant date for some restricted stock units. |
| February 6, 2025 | Grant date for some restricted stock units. |
| January 31, 2026 | Vesting date for performance-based restricted stock units and date of tax withholding for 10,102 shares. |
| February 1, 2026 | Vesting date for restricted stock units and date of tax withholding for 61,945 shares. |
| February 3, 2026 | Date the Form 4 was filed. |
Keywords
A10 Networks, ATEN, Dhrupad Trivedi, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Equity Compensation
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