Kenneth Duda - Aug 20, 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
CTO and SVP Software Eng.
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Stock symbol
ANET
Transactions as of
Aug 20, 2021
Transactions value $
-$512,256
Form type
4
Date filed
8/24/2021, 09:31 PM
Previous filing
Aug 12, 2021
Next filing
Sep 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +1K +45.13% $0.00 3.22K Aug 20, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +375 +11.66% $0.00 3.59K Aug 20, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +312 +8.69% $0.00 3.9K Aug 20, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +437 +11.2% $0.00 4.34K Aug 20, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +667 +15.37% $0.00 5.01K Aug 20, 2021 Direct F1
transaction ANET Common Stock Tax liability -$512K -1.39K -27.66% $369.86 3.62K Aug 20, 2021 Direct F2
holding ANET Common Stock 25.4K Aug 20, 2021 By Childrens' Trust F3
holding ANET Common Stock 42.7K Aug 20, 2021 By Foundation F4
holding ANET Common Stock 96K Aug 20, 2021 By GRAT JD F5
holding ANET Common Stock 96K Aug 20, 2021 By GRAT KD F6
holding ANET Common Stock 148K Aug 20, 2021 by Trust F7

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 -1K -16.67% $0.00 5K Aug 20, 2021 Common Stock 1K $0.00 Direct F1, F8
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -375 -14.29% $0.00 2.25K Aug 20, 2021 Common Stock 375 $0.00 Direct F1, F9
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -312 -7.68% $0.00 3.75K Aug 20, 2021 Common Stock 312 $0.00 Direct F1, F10
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -437 -7.68% $0.00 5.25K Aug 20, 2021 Common Stock 437 $0.00 Direct F1, F11
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -667 -6.67% $0.00 9.33K Aug 20, 2021 Common Stock 667 $0.00 Direct F1, F12
* 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 These shares are held in a trust for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
F4 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F5 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F6 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F7 These shares are held by a family trust for which the reporting person is co-trustee.
F8 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.
F9 Six and one-quarter percent (6.25%) of the 6,000 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 of each year.
F10 Six and one-quarter percent (6.25%) of the 5,000 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.
F11 Six and one-quarter percent (6.25%) of the 7,000 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.
F12 Six and one-quarter percent (6.25%) of the 10,660 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.