Anshul Sadana - 20 May 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
SVP, Chief Operating Officer
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Anshul Sadana
Issuer symbol
ANET
Transactions as of
20 May 2021
Net transactions value
-$863,004
Form type
4
Filing time
24 May 2021, 21:12:27 UTC
Next filing
27 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +750 +45% $0.000000 2,408 20 May 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,000 +42% $0.000000 3,408 20 May 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +438 +13% $0.000000 3,846 20 May 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +375 +9.8% $0.000000 4,221 20 May 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +600 +14% $0.000000 4,821 20 May 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +500 +10% $0.000000 5,321 20 May 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,514 +28% $0.000000 6,835 20 May 2021 Direct F1
transaction ANET Common Stock Tax liability $863,004 -2,569 -38% $335.93 4,266 20 May 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ANET Restricted Stock Unit-2 Options Exercise $0 -750 -33% $0.000000 1,500 20 May 2021 Common Stock 750 $0.000000 Direct F1, F3
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -1,000 -14% $0.000000 6,000 20 May 2021 Common Stock 1,000 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -438 -13% $0.000000 3,062 20 May 2021 Common Stock 438 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -375 -7.1% $0.000000 4,875 20 May 2021 Common Stock 375 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -600 -8.3% $0.000000 6,600 20 May 2021 Common Stock 600 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -500 -7.1% $0.000000 6,500 20 May 2021 Common Stock 500 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -1,514 -6.2% $0.000000 22,716 20 May 2021 Common Stock 1,514 $0.000000 Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
F2 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F3 Five percent (5%) of the 15,000 restricted stock units awarded vested on February 20, 2017 and five percent (5%) of the award will continue to vest on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.
F4 Five percent (5%) of the 20,000 restricted stock units awarded vested on February 20, 2018 and five percent (5%) of the award will continue to vest on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.
F5 Six and one-quarter percent (6.25%) of the 7,000 restricted stock units awarded vested on May 20, 2019 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20.
F6 Six and one-quarter percent (6.25%) of the 6,000 restricted stock units awarded vested on November 20, 2020 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20.
F7 Five percent (5%) of the 12,000 restricted stock units awarded Vested on May 20, 2019 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F8 Six and one-quarter percent (6.25%) of the 8,000 restricted stock units awarded vested on November 20, 2020 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F9 Six and one-quarter percent (6.25%) of the 24,230 restricted stock units awarded vested on May 20, 2021 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.