Form 4: A10 Networks Director Peter Chung Receives Equity Grant

Director Peter Y. Chung was granted 7,233 restricted stock units as part of the A10 Networks director compensation program.

Summary

• Director Peter Y. Chung acquired 7,233 restricted stock units (RSUs) on April 22, 2026.
• The grant is part of the standard director compensation program for A10 Networks, Inc.
• The RSUs are scheduled to vest on the earlier of April 22, 2027, or the date of the next Annual Meeting.
• Following this transaction, the reporting person beneficially owns 207,298 shares and units held for the benefit of Summit Partners, L.P.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Director compensation alignment through equity grants encourages long-term commitment to company performance.

Negatives

• None identified in this filing.

Risks

• Vesting is contingent upon the director remaining in continuous service with the issuer through the vesting date.

Future Outlook

The RSUs will settle in common stock upon vesting on April 22, 2027, or the date of the next Annual Meeting, provided the director remains in service.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard industry practice among technology firms to ensure alignment between directors and shareholders.

Comparison to Industry Standards

• The grant of restricted stock units as director compensation is consistent with standard corporate governance practices for publicly traded technology companies.

Related Party Transactions

• The reporting person holds shares for the benefit of Summit Partners, L.P. and disclaims beneficial ownership except to the extent of their pecuniary interest.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard director compensation event.

Next Steps

• Vesting of restricted stock units on April 22, 2027, or the date of the next Annual Meeting.

Key Dates

Keywords

A10 Networks, ATEN, Director Compensation, Restricted Stock Units, Insider Transaction, Summit Partners