Kenneth Duda - Nov 22, 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
Nov 22, 2021
Transactions value $
-$709,878
Form type
4
Date filed
11/24/2021, 05:49 PM
Previous filing
Nov 12, 2021
Next filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +4K +27.61% $0.00 18.5K Nov 22, 2021 Direct F1, F2
transaction ANET Common Stock Options Exercise $0 +1.5K +8.11% $0.00 20K Nov 22, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +1.25K +6.26% $0.00 21.2K Nov 22, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +1.75K +8.25% $0.00 23K Nov 22, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +2.66K +11.59% $0.00 25.7K Nov 22, 2021 Direct F1
transaction ANET Common Stock Tax liability -$710K -5.54K -21.59% $128.16 20.1K Nov 22, 2021 Direct F3
holding ANET Common Stock 52.6K Nov 22, 2021 By Childrens' Trust F4
holding ANET Common Stock 228K Nov 22, 2021 By Foundation F5
holding ANET Common Stock 564K Nov 22, 2021 By GRAT JD F6
holding ANET Common Stock 564K Nov 22, 2021 By GRAT KD F7
holding ANET Common Stock 153K Nov 22, 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 -4K -20% $0.00 16K Nov 22, 2021 Common Stock 4K $0.00 Direct F1, F9
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -1.5K -16.67% $0.00 7.5K Nov 22, 2021 Common Stock 1.5K $0.00 Direct F1, F10
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1.25K -8.35% $0.00 13.7K Nov 22, 2021 Common Stock 1.25K $0.00 Direct F1, F11
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1.75K -8.34% $0.00 19.2K Nov 22, 2021 Common Stock 1.75K $0.00 Direct F1, F12
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -2.66K -7.14% $0.00 34.6K Nov 22, 2021 Common Stock 2.66K $0.00 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.