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

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Marc Taxay
Stock symbol
ANET
Transactions as of
May 20, 2021
Transactions value $
-$360,453
Form type
4
Date filed
5/24/2021, 09:12 PM
Next filing
Jun 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +600 $0.00 600 May 20, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +313 +52.17% $0.00 913 May 20, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +218 +23.88% $0.00 1.13K May 20, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +391 +34.57% $0.00 1.52K May 20, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +636 +41.79% $0.00 2.16K May 20, 2021 Direct F1
transaction ANET Common Stock Tax liability -$360K -1.07K -49.72% $335.93 1.09K May 20, 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-4 Options Exercise $0 -600 -14.29% $0.00 3.6K May 20, 2021 Common Stock 600 $0.00 Direct F1, F3
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -313 -12.52% $0.00 2.19K May 20, 2021 Common Stock 313 $0.00 Direct F1, F4
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -218 -7.12% $0.00 2.84K May 20, 2021 Common Stock 218 $0.00 Direct F1, F5
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -391 -7.15% $0.00 5.08K May 20, 2021 Common Stock 391 $0.00 Direct F1, F6
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -636 -6.25% $0.00 9.54K May 20, 2021 Common Stock 636 $0.00 Direct F1, F7
* 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 12,000 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.
F4 Six and one-quarter percent (6.25%) of the 5,000 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.
F5 Six and one-quarter percent (6.25%) of the 3,500 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.
F6 Six and one-quarter percent (6.25%) of the 6,250 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.
F7 Six and one-quarter percent (6.25%) of the 10,180 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.