Kenneth Duda - Nov 21, 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Stock symbol
ANET
Transactions as of
Nov 21, 2022
Transactions value $
-$938,097
Form type
4
Date filed
11/23/2022, 04:20 PM
Previous filing
Nov 14, 2022
Next filing
Dec 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +4K +2.55% $0.00 161K Nov 21, 2022 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1.5K +0.93% $0.00 163K Nov 21, 2022 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1.25K +0.77% $0.00 164K Nov 21, 2022 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1.75K +1.07% $0.00 166K Nov 21, 2022 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +2.66K +1.61% $0.00 168K Nov 21, 2022 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1.43K +0.85% $0.00 170K Nov 21, 2022 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +685 +0.4% $0.00 170K Nov 21, 2022 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +768 +0.45% $0.00 171K Nov 21, 2022 by Trust F1, F2
transaction ANET Common Stock Tax liability -$938K -6.97K -4.07% $134.61 164K Nov 21, 2022 by Trust F2, F3
holding ANET Common Stock 3.24K Nov 21, 2022 Direct
holding ANET Common Stock 369K Nov 21, 2022 By Childrens' Trust F4
holding ANET Common Stock 251K Nov 21, 2022 By Foundation F5
holding ANET Common Stock 293K Nov 21, 2022 By GRAT JD F6
holding ANET Common Stock 293K Nov 21, 2022 By GRAT KD F7

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 -768 -16.75% $0.00 3.82K Nov 21, 2022 Common Stock 768 $0.00 Direct F1, F8
transaction ANET Restricted Stock Unit-2 Options Exercise $0 -4K -100% $0.00* 0 Nov 21, 2022 Common Stock 4K $0.00 Direct F1, F9
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -1.5K -50% $0.00 1.5K Nov 21, 2022 Common Stock 1.5K $0.00 Direct F1, F10
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1.25K -12.52% $0.00 8.75K Nov 21, 2022 Common Stock 1.25K $0.00 Direct F1, F11
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1.75K -12.51% $0.00 12.2K Nov 21, 2022 Common Stock 1.75K $0.00 Direct F1, F12
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -2.66K -10% $0.00 24K Nov 21, 2022 Common Stock 2.66K $0.00 Direct F1, F13
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -1.43K -7.7% $0.00 17.1K Nov 21, 2022 Common Stock 1.43K $0.00 Direct F1, F14
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -685 -16.75% $0.00 3.4K Nov 21, 2022 Common Stock 685 $0.00 Direct F1, F15
* 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 These shares are held by a family trust for which the reporting person is co-trustee.
F3 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F4 These shares are held in multiple trusts 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.
F5 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F6 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F7 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
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 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.
F9 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.
F10 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.
F11 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.
F12 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.
F13 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.
F14 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.
F15 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.