Anshul Sadana - 21 Feb 2023 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
21 Feb 2023
Net transactions value
-$2,028,578
Form type
4
Filing time
23 Feb 2023, 16:48:27 UTC
Previous filing
14 Feb 2023
Next filing
10 Mar 2023
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 +1,748 +2.7% $0.000000 67,661 21 Feb 2023 Direct F1, F2
transaction ANET Common Stock Options Exercise $0 +1,500 +2.2% $0.000000 69,161 21 Feb 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,400 +3.5% $0.000000 71,561 21 Feb 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,000 +2.8% $0.000000 73,561 21 Feb 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +6,056 +8.2% $0.000000 79,617 21 Feb 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +3,260 +4.1% $0.000000 82,877 21 Feb 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,698 +2% $0.000000 84,575 21 Feb 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,904 +2.3% $0.000000 86,479 21 Feb 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +9,612 +11% $0.000000 96,091 21 Feb 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,699 +1.8% $0.000000 97,790 21 Feb 2023 Direct F1
transaction ANET Common Stock Tax liability $2,028,578 -15,079 -15% $134.53 82,711 21 Feb 2023 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-10 Options Exercise $0 -1,699 -6.3% $0.000000 25,481 21 Feb 2023 Common Stock 1,699 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-11 Options Exercise $0 -1,698 -20% $0.000000 6,795 21 Feb 2023 Common Stock 1,698 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-12 Options Exercise $0 -1,904 -20% $0.000000 7,616 21 Feb 2023 Common Stock 1,904 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-14 Award $0 +9,612 $0.000000 9,612 21 Feb 2023 Common Stock 9,612 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-14 Options Exercise $0 -9,612 -100% $0.000000* 0 21 Feb 2023 Common Stock 9,612 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1,748 -100% $0.000000* 0 21 Feb 2023 Common Stock 1,748 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1,500 -14% $0.000000 9,000 21 Feb 2023 Common Stock 1,500 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -2,400 -20% $0.000000 9,600 21 Feb 2023 Common Stock 2,400 $0.000000 Direct F1, F10
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -2,000 -14% $0.000000 12,000 21 Feb 2023 Common Stock 2,000 $0.000000 Direct F1, F11
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -6,056 -11% $0.000000 48,460 21 Feb 2023 Common Stock 6,056 $0.000000 Direct F1, F12
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -3,260 -8.3% $0.000000 35,888 21 Feb 2023 Common Stock 3,260 $0.000000 Direct F1, F13
* 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 137 shares acquired under the Arista Networks, Inc. 2014 Employee Stock Purchase Plan on February 15, 2023.
F3 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F4 Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on February 20, 2023 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.
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 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.
F7 This performance stock award was granted in the first quarter of 2022 and was earned based on attainment of certain performance conditions. The award vested on February 21, 2023
F8 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.
F9 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.
F10 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.
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 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.
F13 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.