Ita M. Brennan - 20 May 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
Senior Vice President, CFO
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Ita Brennan
Issuer symbol
ANET
Transactions as of
20 May 2022
Net transactions value
-$693,128
Form type
4
Filing time
24 May 2022, 18:54:02 UTC
Previous filing
09 May 2022
Next filing
03 Jun 2022
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 +2,400 +6.5% $0.000000 39,154 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,252 +3.2% $0.000000 40,406 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +872 +2.2% $0.000000 41,278 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,560 +3.8% $0.000000 42,838 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +3,636 +8.5% $0.000000 46,474 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,836 +4% $0.000000 48,310 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +970 +2% $0.000000 49,280 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,088 +2.2% $0.000000 50,368 20 May 2022 Direct F1
transaction ANET Common Stock Tax liability $693,128 -6,753 -13% $102.64 43,615 20 May 2022 Direct F2

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-10 Options Exercise $0 -970 -12% $0.000000 6,816 20 May 2022 Common Stock 970 $0.000000 Direct F1, F3
transaction ANET Restricted Stock Unit-11 Options Exercise $0 -1,088 -12% $0.000000 7,640 20 May 2022 Common Stock 1,088 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -2,400 -33% $0.000000 4,800 20 May 2022 Common Stock 2,400 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1,252 -25% $0.000000 3,748 20 May 2022 Common Stock 1,252 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -872 -10% $0.000000 7,876 20 May 2022 Common Stock 872 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -1,560 -10% $0.000000 14,064 20 May 2022 Common Stock 1,560 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -3,636 -8.3% $0.000000 39,984 20 May 2022 Common Stock 3,636 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -1,836 -6.7% $0.000000 25,688 20 May 2022 Common Stock 1,836 $0.000000 Direct F1, F10
* 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 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 1/3 on February 22, 2022, and will continue to vest quarterly over 2 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.
F4 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 1/3 on February 22, 2022, and will continue to vest quarterly over 2 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.
F5 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.
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, or November 20 of each year.
F7 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.
F8 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.
F9 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.
F10 Six and one-quarter percent (6.25%) of the 7,340 restricted stock units awarded will vest on February 20, 2022 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.