Anshul Sadana - 22 Aug 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
SVP, Chief Operating Officer
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Anshul Sadana
Issuer symbol
ANET
Transactions as of
22 Aug 2022
Net transactions value
-$1,549,328
Form type
4
Filing time
24 Aug 2022, 19:43:00 UTC
Previous filing
24 May 2022
Next filing
23 Nov 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 +4,000 +9.8% $0.000000 45,004 22 Aug 2022 Direct F1, F2
transaction ANET Common Stock Options Exercise $0 +1,748 +3.9% $0.000000 46,752 22 Aug 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,500 +3.2% $0.000000 48,252 22 Aug 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,400 +5% $0.000000 50,652 22 Aug 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,000 +3.9% $0.000000 52,652 22 Aug 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +6,056 +12% $0.000000 58,708 22 Aug 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +3,264 +5.6% $0.000000 61,972 22 Aug 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,698 +2.7% $0.000000 63,670 22 Aug 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,904 +3% $0.000000 65,574 22 Aug 2022 Direct F1
transaction ANET Common Stock Tax liability $1,549,328 -12,186 -19% $127.14 53,388 22 Aug 2022 Direct F3

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-11 Options Exercise $0 -1,698 -14% $0.000000 10,191 22 Aug 2022 Common Stock 1,698 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-12 Options Exercise $0 -1,904 -14% $0.000000 11,424 22 Aug 2022 Common Stock 1,904 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -4,000 -50% $0.000000 4,000 22 Aug 2022 Common Stock 4,000 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1,748 -33% $0.000000 3,500 22 Aug 2022 Common Stock 1,748 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1,500 -11% $0.000000 12,000 22 Aug 2022 Common Stock 1,500 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -2,400 -14% $0.000000 14,400 22 Aug 2022 Common Stock 2,400 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -2,000 -11% $0.000000 16,000 22 Aug 2022 Common Stock 2,000 $0.000000 Direct F1, F10
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -6,056 -9.1% $0.000000 60,576 22 Aug 2022 Common Stock 6,056 $0.000000 Direct F1, F11
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -3,264 -7.1% $0.000000 42,412 22 Aug 2022 Common Stock 3,264 $0.000000 Direct F1, F12
* 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 217 shares acquired under the Arista Networks, Inc. 2014 Employee Stock Purchase Plan on August 15, 2022.
F3 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
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 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.
F6 Five percent (5%) of the restricted stock units awarded vested on February 20, 2018 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 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.
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, or November 20 of each year.
F9 Five percent (5%) 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.
F10 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.
F11 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.
F12 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.