A10 Networks, Inc. issued a warrant to Microsoft Corporation on August 3, 2026, allowing Microsoft to purchase up to 800,000 shares of A10's common stock. The warrant is part of a broader commercial arrangement, with the vesting of shares contingent upon Microsoft and its affiliates achieving specific purchase thresholds for A10's products and services.
Key Details
- Warrant Holder: Microsoft Corporation.
- Shares: Up to 800,000 shares of A10 common stock at an exercise price of $0.01 per share.
- Vesting Schedule: The warrant vests in two tranches of up to 400,000 shares each, based on purchase thresholds met during measurement periods ending June 30, 2027, and June 30, 2028.
- Exercise Period: The first tranche is exercisable after January 1, 2028, and the second after January 1, 2029. The warrant expires on August 3, 2036.