Form 4: A10 Networks Executive Awarded Equity

A10 Networks' Executive VP of Sales and Marketing, Sheen George Khoury, was granted 7,771 Restricted Stock Units and 7,771 Performance-based Restricted Stock Units.

Summary

• Sheen George Khoury, Executive VP, Sales and Marketing at A10 Networks, Inc. (ATEN), reported an acquisition of equity securities.
• The transaction involved the grant of 7,771 Restricted Stock Units (RSUs) and 7,771 Performance-based Restricted Stock Units (PSUs) on February 12, 2026.
• The RSUs will vest one-third (1/3) on each of the first three anniversaries of the Vesting Commencement Date (February 1, 2026), contingent on continued employment.
• The PSUs represent a contingent right to receive one share of common stock each, with vesting subject to the achievement of specified volume weighted average closing prices of ATEN common stock during any 100-day trading period between February 12, 2026, and February 12, 2030.
• Upon achievement of a Performance Milestone for PSUs, 50% will vest within 30 days, and the balance will vest 25% on each of the first and second anniversaries of the milestone, also subject to continued employment.
• Following these transactions, Sheen George Khoury beneficially owns 44,294 shares of common stock and 7,771 Performance-based Restricted Stock Units.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, reflecting standard executive compensation practices designed to align management incentives with shareholder interests and promote long-term value creation.

Positives

• The equity grants align the executive's interests with those of shareholders, incentivizing long-term performance and retention.
• Performance-based vesting conditions for PSUs directly link executive compensation to the company's stock price performance, potentially driving value creation.

Future Outlook

The future outlook for the granted equity is tied to the executive's continued employment and, for PSUs, the achievement of specific volume weighted average closing prices of A10 Networks' common stock within a defined four-year period. RSU vesting is scheduled annually over three years from February 1, 2026.

Industry Context

StockSavvy.ai notes that equity grants, particularly those with performance-based vesting conditions, are a common practice in the technology sector to attract, retain, and motivate key executives. This grant aligns the executive's long-term incentives with shareholder value creation, a trend widely adopted across the industry to foster strong corporate governance and performance culture.

Comparison to Industry Standards

• N/A This Form 4 reports an individual executive's equity grant and does not provide sufficient data for a direct comparison to industry-wide performance benchmarks or specific competitor projects and results.

Related Party Transactions

• Grant of 7,771 Restricted Stock Units (RSUs) and 7,771 Performance-based Restricted Stock Units (PSUs) to Sheen George Khoury, Executive VP, Sales and Marketing, as part of executive compensation.

Stakeholder Impact

• **Shareholders:** Potential for increased executive alignment with company performance and long-term value creation due to performance-based equity.
• **Executive (Sheen George Khoury):** Receives significant equity compensation, providing a strong incentive for continued service and achieving performance targets.

Next Steps

• Vesting of 1/3 of the RSUs on the first, second, and third anniversaries of February 1, 2026, subject to continued employment.
• Monitoring of A10 Networks' stock price performance to meet the volume weighted average closing price milestones for PSU vesting between February 12, 2026, and February 12, 2030.
• Subsequent vesting of PSUs upon achievement of performance milestones, with 50% vesting within 30 days and the balance 25% on the first and second anniversaries of the milestone, subject to continued employment.

Key Dates

Keywords

A10 Networks, ATEN, Form 4, Insider Transaction, Restricted Stock Units, Performance-based Stock Units, Executive Compensation, Equity Grant, Stock Award