Ita M. Brennan - May 22, 2023 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
Stock symbol
ANET
Transactions as of
May 22, 2023
Transactions value $
-$788,778
Form type
4
Date filed
5/24/2023, 06:21 PM
Previous filing
May 8, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +872 +2.64% $0.00 33.9K May 22, 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +1.56K +4.61% $0.00 35.5K May 22, 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +3.64K +10.25% $0.00 39.1K May 22, 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +1.84K +4.7% $0.00 40.9K May 22, 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +971 +2.37% $0.00 41.9K May 22, 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +1.09K +2.6% $0.00 43K May 22, 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +970 +2.26% $0.00 44K May 22, 2023 Direct F1
transaction ANET Common Stock Tax liability -$789K -5.43K -12.34% $145.37 38.5K May 22, 2023 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 -971 -24.96% $0.00 2.92K May 22, 2023 Common Stock 971 $0.00 Direct F1, F3
transaction ANET Restricted Stock Unit-11 Options Exercise $0 -1.09K -24.95% $0.00 3.27K May 22, 2023 Common Stock 1.09K $0.00 Direct F1, F4
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -872 -16.62% $0.00 4.38K May 22, 2023 Common Stock 872 $0.00 Direct F1, F5
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -1.56K -16.68% $0.00 7.81K May 22, 2023 Common Stock 1.56K $0.00 Direct F1, F6
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -3.64K -12.5% $0.00 25.4K May 22, 2023 Common Stock 3.64K $0.00 Direct F1, F7
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -1.84K -9.1% $0.00 18.3K May 22, 2023 Common Stock 1.84K $0.00 Direct F1, F8
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -970 -6.66% $0.00 13.6K May 22, 2023 Common Stock 970 $0.00 Direct F1, F9
* 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 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.
F6 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.
F7 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.
F8 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.
F9 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.