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

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Issuer symbol
ANET
Transactions as of
20 Aug 2021
Net transactions value
-$655,762
Form type
4
Filing time
24 Aug 2021, 21:33:06 UTC
Previous filing
13 Aug 2021
Next filing
25 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +2,062 +313% $0.000000 2,720 20 Aug 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,250 +46% $0.000000 3,970 20 Aug 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +262 +6.6% $0.000000 4,232 20 Aug 2021 Direct F1
transaction ANET Common Stock Tax liability $655,762 -1,773 -42% $369.86 2,459 20 Aug 2021 Direct F2
holding ANET Common Stock 557,656 20 Aug 2021 By Trust for Child 1 F3
holding ANET Common Stock 557,656 20 Aug 2021 By Trust for Child 2 F3
holding ANET Common Stock 5,000 20 Aug 2021 By Trust for Nephew F4
holding ANET Common Stock 5,000 20 Aug 2021 By Trust for Niece F4
holding ANET Common Stock 2,052,123 20 Aug 2021 by Trust F5

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-1 Options Exercise $0 -2,062 -50% $0.000000 2,063 20 Aug 2021 Common Stock 2,062 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-2 Options Exercise $0 -1,250 -14% $0.000000 7,500 20 Aug 2021 Common Stock 1,250 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -262 -9.1% $0.000000 2,609 20 Aug 2021 Common Stock 262 $0.000000 Direct F1, F8
* 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 in a trust for the benefit of a relative of the reporting person for which the reporting person serves as co-trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
F5 These shares are held by a family trust for which the reporting person is co-trustee.
F6 Five percent (5%) of the 41,250 restricted stock units awarded vested on February 20, 2017 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.
F7 Six and one-quarter percent (6.25%) of the 20,000 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 This performance stock award was granted in the first quarter of 2020 and was earned based on attainment of certain performance conditions. The award vested (25%) on February 22, 2021, and will continue to vest at a rate of 6.25% quarterly 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.