Anshul Sadana - 22 May 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
22 May 2023
Net transactions value
-$1,479,576
Form type
4
Filing time
24 May 2023, 18:21:51 UTC
Previous filing
19 Apr 2023
Next filing
30 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 +1,500 +2.1% $0.000000 73,960 22 May 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,400 +3.2% $0.000000 76,360 22 May 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,000 +2.6% $0.000000 78,360 22 May 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +6,056 +7.7% $0.000000 84,416 22 May 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +3,264 +3.9% $0.000000 87,680 22 May 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,698 +1.9% $0.000000 89,378 22 May 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,904 +2.1% $0.000000 91,282 22 May 2023 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,699 +1.9% $0.000000 92,981 22 May 2023 Direct F1
transaction ANET Common Stock Tax liability $1,479,576 -10,178 -11% $145.37 82,803 22 May 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 -1,699 -6.7% $0.000000 23,782 22 May 2023 Common Stock 1,699 $0.000000 Direct F1, F3
transaction ANET Restricted Stock Unit-11 Options Exercise $0 -1,698 -25% $0.000000 5,097 22 May 2023 Common Stock 1,698 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-12 Options Exercise $0 -1,904 -25% $0.000000 5,712 22 May 2023 Common Stock 1,904 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1,500 -17% $0.000000 7,500 22 May 2023 Common Stock 1,500 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -2,400 -25% $0.000000 7,200 22 May 2023 Common Stock 2,400 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -2,000 -17% $0.000000 10,000 22 May 2023 Common Stock 2,000 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -6,056 -12% $0.000000 42,404 22 May 2023 Common Stock 6,056 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -3,264 -9.1% $0.000000 32,624 22 May 2023 Common Stock 3,264 $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 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.
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 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 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.
F7 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.
F8 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.
F9 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.
F10 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.