John F. McCool - 22 May 2023 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
Chief Platform Officer
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: John F. McCool
Issuer symbol
ANET
Transactions as of
22 May 2023
Net transactions value
-$404,129
Form type
4
Filing time
24 May 2023, 18:21:32 UTC
Previous filing
04 May 2023
Next filing
25 May 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 +752 +1044% $0.000000 824 22 May 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1,252 +152% $0.000000 2,076 22 May 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1,456 +70% $0.000000 3,532 22 May 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +736 +21% $0.000000 4,268 22 May 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +435 +10% $0.000000 4,703 22 May 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +488 +10% $0.000000 5,191 22 May 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +485 +9.3% $0.000000 5,676 22 May 2023 by Trust F1, F2
transaction ANET Common Stock Tax liability $404,129 -2,780 -49% $145.37 2,896 22 May 2023 by Trust F2, 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-3 Options Exercise $0 -752 -17% $0.000000 3,748 22 May 2023 Common Stock 752 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1,252 -17% $0.000000 6,248 22 May 2023 Common Stock 1,252 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1,456 -13% $0.000000 10,184 22 May 2023 Common Stock 1,456 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -736 -9.1% $0.000000 7,348 22 May 2023 Common Stock 736 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -485 -6.7% $0.000000 6,799 22 May 2023 Common Stock 485 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -435 -25% $0.000000 1,315 22 May 2023 Common Stock 435 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -488 -25% $0.000000 1,472 22 May 2023 Common Stock 488 $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 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 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.
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 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.
F7 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.
F8 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.
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 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.
F10 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.