John F. McCool - 22 Aug 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: John F. McCool
Issuer symbol
ANET
Transactions as of
22 Aug 2022
Transactions value $
-$386,124
Form type
4
Filing time
24 Aug 2022, 19:42:43
Previous filing
03 Aug 2022
Next filing
26 Aug 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +1K +301.2% $0.00 1.33K 22 Aug 2022 by Trust F1, F2, F3
transaction ANET Common Stock Options Exercise $0 +748 +56.16% $0.00 2.08K 22 Aug 2022 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +1.25K +60% $0.00 3.33K 22 Aug 2022 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +1.46K +43.75% $0.00 4.78K 22 Aug 2022 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +732 +15.3% $0.00 5.52K 22 Aug 2022 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +442 +8.01% $0.00 5.96K 22 Aug 2022 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +496 +8.32% $0.00 6.45K 22 Aug 2022 by Trust F1, F3
transaction ANET Common Stock Tax liability -$386K -3.04K -47.06% $127.14 3.42K 22 Aug 2022 by Trust F3, F4

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 -1K -33.33% $0.00 2K 22 Aug 2022 Common Stock 1K $0.00 Direct F1, F5
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -748 -11.08% $0.00 6K 22 Aug 2022 Common Stock 748 $0.00 Direct F1, F6
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1.25K -11.1% $0.00 10K 22 Aug 2022 Common Stock 1.25K $0.00 Direct F1, F7
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1.46K -9.1% $0.00 14.5K 22 Aug 2022 Common Stock 1.46K $0.00 Direct F1, F8
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -732 -7.12% $0.00 9.56K 22 Aug 2022 Common Stock 732 $0.00 Direct F1, F9
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -442 -14.4% $0.00 2.63K 22 Aug 2022 Common Stock 442 $0.00 Direct F1, F10
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -496 -14.42% $0.00 2.94K 22 Aug 2022 Common Stock 496 $0.00 Direct F1, F11
* 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 Includes 166 shares acquired under the Arista Networks, Inc. 2014 Employee Stock Purchase Plan on August 15, 2022.
F3 These shares are held by a family trust for which the reporting person is co-trustee.
F4 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F5 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.
F6 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.
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 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.
F9 Six and one-quarter percent (6.25%) of the 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.
F10 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.
F11 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.