Kenneth Duda - May 22, 2023 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
CTO and SVP Software Eng.
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Stock symbol
ANET
Transactions as of
May 22, 2023
Transactions value $
-$686,437
Form type
4
Date filed
5/24/2023, 06:21 PM
Previous filing
May 12, 2023
Next filing
May 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +1.25K +6.4% $0.00 20.8K May 22, 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1.75K +8.42% $0.00 22.6K May 22, 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +2.66K +11.8% $0.00 25.2K May 22, 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1.43K +5.66% $0.00 26.7K May 22, 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +685 +2.57% $0.00 27.3K May 22, 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +768 +2.81% $0.00 28.1K May 22, 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +970 +3.45% $0.00 29.1K May 22, 2023 by Trust F1, F2
transaction ANET Common Stock Tax liability -$686K -4.72K -16.24% $145.37 24.4K May 22, 2023 by Trust F2, F3
holding ANET Common Stock 3.24K May 22, 2023 Direct
holding ANET Common Stock 289K May 22, 2023 By Childrens' Trust F4
holding ANET Common Stock 230K May 22, 2023 By Foundation F5
holding ANET Common Stock 368K May 22, 2023 By GRAT JD F6
holding ANET Common Stock 368K May 22, 2023 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 -25.13% $0.00 2.29K May 22, 2023 Common Stock 768 $0.00 Direct F1, F8
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1.25K -16.69% $0.00 6.25K May 22, 2023 Common Stock 1.25K $0.00 Direct F1, F9
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1.75K -16.69% $0.00 8.75K May 22, 2023 Common Stock 1.75K $0.00 Direct F1, F10
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -2.66K -12.5% $0.00 18.7K May 22, 2023 Common Stock 2.66K $0.00 Direct F1, F11
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -1.43K -9.09% $0.00 14.3K May 22, 2023 Common Stock 1.43K $0.00 Direct F1, F12
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -970 -6.66% $0.00 13.6K May 22, 2023 Common Stock 970 $0.00 Direct F1, F13
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -685 -25.13% $0.00 2.04K May 22, 2023 Common Stock 685 $0.00 Direct F1, F14
* 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 a trust for the benefit of a Child 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 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 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.
F10 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.
F11 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.
F12 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.
F13 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.
F14 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.