Ita M. Brennan - 21 Nov 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
21 Nov 2022
Net transactions value
-$909,291
Form type
4
Filing time
23 Nov 2022, 16:20:16 UTC
Previous filing
09 Nov 2022
Next filing
05 Dec 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 +6.8% $0.000000 37,768 21 Nov 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,252 +3.3% $0.000000 39,020 21 Nov 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +876 +2.2% $0.000000 39,896 21 Nov 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,564 +3.9% $0.000000 41,460 21 Nov 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +3,632 +8.8% $0.000000 45,092 21 Nov 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,836 +4.1% $0.000000 46,928 21 Nov 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +970 +2.1% $0.000000 47,898 21 Nov 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,088 +2.3% $0.000000 48,986 21 Nov 2022 Direct F1
transaction ANET Common Stock Tax liability $909,291 -6,755 -14% $134.61 42,231 21 Nov 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 -17% $0.000000 4,869 21 Nov 2022 Common Stock 970 $0.000000 Direct F1, F3
transaction ANET Restricted Stock Unit-11 Options Exercise $0 -1,088 -17% $0.000000 5,456 21 Nov 2022 Common Stock 1,088 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -2,400 -100% $0.000000* 0 21 Nov 2022 Common Stock 2,400 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1,252 -50% $0.000000 1,248 21 Nov 2022 Common Stock 1,252 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -876 -13% $0.000000 6,124 21 Nov 2022 Common Stock 876 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -1,564 -13% $0.000000 10,936 21 Nov 2022 Common Stock 1,564 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -3,632 -10% $0.000000 32,716 21 Nov 2022 Common Stock 3,632 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -1,836 -7.7% $0.000000 22,020 21 Nov 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 restricted stock units awarded vested 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.