Jayshree Ullal - 21 Feb 2023 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
President and CEO, Director
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Issuer symbol
ANET
Transactions as of
21 Feb 2023
Net transactions value
-$3,239,482
Form type
4
Filing time
23 Feb 2023, 16:48:53 UTC
Previous filing
23 Nov 2022
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 +5,000 +15% $0.000000 37,570 21 Feb 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,044 +2.8% $0.000000 38,614 21 Feb 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +11,146 +29% $0.000000 49,760 21 Feb 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +12,496 +25% $0.000000 62,256 21 Feb 2023 Direct F1
transaction ANET Common Stock Tax liability $3,239,482 -24,080 -39% $134.53 38,176 21 Feb 2023 Direct F2
transaction ANET Common Stock Options Exercise $0 +20,594 +54% $0.000000 58,770 21 Feb 2023 Direct F1
holding ANET Common Stock 1,783,200 21 Feb 2023 By Trust for Child 1 F3
holding ANET Common Stock 1,783,200 21 Feb 2023 By Trust for Child 2 F3
holding ANET Common Stock 12,000 21 Feb 2023 By Trust for Nephew F4
holding ANET Common Stock 12,000 21 Feb 2023 By Trust for Niece F4
holding ANET Common Stock 6,931,992 21 Feb 2023 by Trust F5

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 -5,000 -100% $0.000000* 0 21 Feb 2023 Common Stock 5,000 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1,044 -20% $0.000000 4,176 21 Feb 2023 Common Stock 1,044 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -11,146 -11% $0.000000 89,202 21 Feb 2023 Common Stock 11,146 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -12,496 -11% $0.000000 100,000 21 Feb 2023 Common Stock 12,496 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-7 Award $0 +82,376 $0.000000 82,376 21 Feb 2023 Common Stock 82,376 $0.000000 Direct F1, F10
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -20,594 -25% $0.000000 61,782 21 Feb 2023 Common Stock 20,594 $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 These shares are held in trust 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.
F4 These shares are held in trust for the benefit of relatives of the reporting person for which the reporting person serves as co-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 family trust for which the reporting person is co-trustee.
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, and November 20 of each year.
F7 This performance stock award was granted in the first quarter of 2020 and was earned based on attainment of certain performance conditions. The award vested (25%) on February 20, 2021, and will continue to vest at a rate of 6.25% quarterly 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 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 (25%) on February 20, 2022, and will continue to vest quarterly over 3 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 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 (25%) on February 20, 2022, and will continue to vest quarterly over 3 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.
F10 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 25% on February 21, 2023 and will continue to vest quarterly over 3 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.