Kenneth Duda - 22 Nov 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
Issuer symbol
ANET
Transactions as of
22 Nov 2021
Net transactions value
-$709,878
Form type
4
Filing time
24 Nov 2021, 17:49:46 UTC
Previous filing
12 Nov 2021
Next filing
14 Dec 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 +4,000 +28% $0.000000 18,488 22 Nov 2021 Direct F1, F2
transaction ANET Common Stock Options Exercise $0 +1,500 +8.1% $0.000000 19,988 22 Nov 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,252 +6.3% $0.000000 21,240 22 Nov 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,752 +8.2% $0.000000 22,992 22 Nov 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,664 +12% $0.000000 25,656 22 Nov 2021 Direct F1
transaction ANET Common Stock Tax liability $709,878 -5,539 -22% $128.16 20,117 22 Nov 2021 Direct F3
holding ANET Common Stock 52,560 22 Nov 2021 By Childrens' Trust F4
holding ANET Common Stock 228,000 22 Nov 2021 By Foundation F5
holding ANET Common Stock 564,072 22 Nov 2021 By GRAT JD F6
holding ANET Common Stock 564,072 22 Nov 2021 By GRAT KD F7
holding ANET Common Stock 152,764 22 Nov 2021 by Trust F8

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 -4,000 -20% $0.000000 16,000 22 Nov 2021 Common Stock 4,000 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -1,500 -17% $0.000000 7,500 22 Nov 2021 Common Stock 1,500 $0.000000 Direct F1, F10
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1,252 -8.3% $0.000000 13,748 22 Nov 2021 Common Stock 1,252 $0.000000 Direct F1, F11
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1,752 -8.3% $0.000000 19,248 22 Nov 2021 Common Stock 1,752 $0.000000 Direct F1, F12
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -2,664 -7.1% $0.000000 34,644 22 Nov 2021 Common Stock 2,664 $0.000000 Direct F1, F13
* 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 On November 18, 2021, the issuer completed a four-for-one stock split of the issuer's common stock. All amounts have been adjusted to give effect to this stock split.
F3 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F4 These shares are held in a trust for the benefit of a Child 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 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F6 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F7 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F8 These shares are held by a family trust for which the reporting person is co-trustee.
F9 Five percent (5%) of the 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.
F10 Six and one-quarter percent (6.25%) of the 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.
F11 Six and one-quarter percent (6.25%) of the 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 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.
F13 Six and one-quarter percent (6.25%) of the 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.