ATEN A10 Networks, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2025: $9M, Q1 2024: $3M, Q3 2024: $2M, Q2 2024: $3M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $9M vs trailing avg $3M (+227%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Buyback $18M / FCF $26M = 71% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are insider purchases happening during the same quarters the company is actively buying back stock?

Need both buyback and insider purchase data

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $0M, sold $170M (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 170407060.3x more than bought. 2 C-suite officers among sellers

• Trivedi Dhrupad (Chief Executive Officer) sold 33,333 shares on 2026-02-11
• Trivedi Dhrupad (Chief Executive Officer) sold 33,333 shares on 2026-02-12
• Trivedi Dhrupad (Chief Executive Officer) sold 33,334 shares on 2026-02-13
• Becker Brian (Chief Financial Officer) sold 6,400 shares on 2025-08-13
• Trivedi Dhrupad (Chief Executive Officer) sold 26,813 shares on 2025-02-28
• Trivedi Dhrupad (Chief Executive Officer) sold 26,812 shares on 2025-03-03
• Trivedi Dhrupad (Chief Executive Officer) sold 26,813 shares on 2025-03-04
• Becker Brian (Chief Financial Officer) sold 1,200 shares on 2024-11-27
• Trivedi Dhrupad (Chief Executive Officer) sold 60,606 shares on 2024-03-05
• Becker Brian (Chief Financial Officer) sold 15,000 shares on 2024-02-13