Jayshree Ullal - 21 Aug 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 Aug 2023
Net transactions value: -$2,731,823
Form type: 4
Filing time: 23 Aug 2023, 19:22:53 UTC
Previous filing: 03 Aug 2023
Next filing: 24 Aug 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	+1,044	+1.4%	$0.000000	74,863	21 Aug 2023	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+11,146	+15%	$0.000000	86,009	21 Aug 2023	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+12,496	+15%	$0.000000	98,505	21 Aug 2023	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+5,147	+5.2%	$0.000000	103,652	21 Aug 2023	Direct	F1
transaction	ANET	Common Stock	Tax liability	$2,731,823	-14,793	-14%	$184.67	88,859	21 Aug 2023	Direct	F2
holding	ANET	Common Stock						1,748,200	21 Aug 2023	By Trust for Child 1	F3
holding	ANET	Common Stock						1,748,200	21 Aug 2023	By Trust for Child 2	F3
holding	ANET	Common Stock						12,000	21 Aug 2023	By Trust for Nephew	F4
holding	ANET	Common Stock						12,000	21 Aug 2023	By Trust for Niece	F4
holding	ANET	Common Stock						6,794,492	21 Aug 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-4	Options Exercise	$0	-1,044	-33%	$0.000000	2,088	21 Aug 2023	Common Stock	1,044	$0.000000	Direct	F1, F6
transaction	ANET	Restricted Stock Unit-5	Options Exercise	$0	-11,146	-14%	$0.000000	66,903	21 Aug 2023	Common Stock	11,146	$0.000000	Direct	F1, F7
transaction	ANET	Restricted Stock Unit-6	Options Exercise	$0	-12,496	-14%	$0.000000	75,000	21 Aug 2023	Common Stock	12,496	$0.000000	Direct	F1, F8
transaction	ANET	Restricted Stock Unit-7	Options Exercise	$0	-5,147	-9.1%	$0.000000	51,486	21 Aug 2023	Common Stock	5,147	$0.000000	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	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	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.
F7	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.
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 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.