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SAN JOSE, Calif.—Dhrupad Trivedi, the Chief Executive Officer of A10 Networks, Inc. (NYSE:ATEN), sold a significant portion of his holdings in the company recently. According to a filing with the Securities and Exchange Commission, Trivedi sold a total of 80,438 shares over three days, amounting to approximately $1.63 million. The sales occurred at prices ranging from $19.80 to $20.59 per share. The transaction comes as A10 Networks, currently valued at $1.49 billion, has seen its stock surge over 50% in the past six months, trading near its 52-week high of $21.89.
These transactions were carried out under a pre-established Rule 10b5-1 trading plan, which Trivedi adopted on November 27, 2024. Following these sales, Trivedi’s direct ownership in A10 Networks stands at 688,396 shares.
A10 Networks specializes in computer communications equipment and is headquartered in San Jose, California. The company continues to be a key player in the technology sector, providing advanced network solutions.
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