Jayshree Ullal - Feb 22, 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Stock symbol
ANET
Transactions as of
Feb 22, 2022
Transactions value $
-$5,971,863
Form type
4
Date filed
2/24/2022, 08:50 PM
Previous filing
Nov 24, 2021
Next filing
May 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +5K +29.34% $0.00 22K Feb 22, 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1.04K +4.74% $0.00 23.1K Feb 22, 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +44.6K +193.18% $0.00 67.7K Feb 22, 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +50K +73.87% $0.00 118K Feb 22, 2022 Direct F1
transaction ANET Common Stock Tax liability -$5.97M -49K -41.65% $121.83 68.7K Feb 22, 2022 Direct F2
holding ANET Common Stock 1.78M Feb 22, 2022 By Trust for Child 1 F3
holding ANET Common Stock 1.78M Feb 22, 2022 By Trust for Child 2 F3
holding ANET Common Stock 12K Feb 22, 2022 By Trust for Nephew F4
holding ANET Common Stock 12K Feb 22, 2022 By Trust for Niece F4
holding ANET Common Stock 6.93M Feb 22, 2022 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-2 Options Exercise $0 -5K -20% $0.00 20K Feb 22, 2022 Common Stock 5K $0.00 Direct F1, F6
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1.04K -11.12% $0.00 8.35K Feb 22, 2022 Common Stock 1.04K $0.00 Direct F1, F7
transaction ANET Restricted Stock Unit-5 Award $0 +178K $0.00 178K Feb 22, 2022 Common Stock 178K $0.00 Direct F1, F8
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -44.6K -25% $0.00 134K Feb 22, 2022 Common Stock 44.6K $0.00 Direct F1, F8
transaction ANET Restricted Stock Unit-6 Award $0 +200K $0.00 200K Feb 22, 2022 Common Stock 200K $0.00 Direct F1, F9
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -50K -25% $0.00 150K Feb 22, 2022 Common Stock 50K $0.00 Direct F1, F9
* 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 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 trust for the benefit of relatives 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 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, and November 20 of each year.
F7 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.
F8 This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests (25%) on February 22, 2022, and will continue to vest quarterly over 3 years. 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.
F9 This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests (25%) on February 22, 2022, and will continue to vest quarterly over 3 years. 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.