John F. McCool - 20 Feb 2024 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
20 Feb 2024
Net transactions value
-$1,743,281
Form type
4
Filing time
22 Feb 2024, 19:40:44 UTC
Previous filing
21 Feb 2024
Next filing
26 Feb 2024
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 +748 $0.000000 748 20 Feb 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1,248 +167% $0.000000 1,996 20 Feb 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1,456 +73% $0.000000 3,452 20 Feb 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +736 +21% $0.000000 4,188 20 Feb 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +436 +10% $0.000000 4,624 20 Feb 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +488 +11% $0.000000 5,112 20 Feb 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +3,755 +73% $0.000000 8,867 20 Feb 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +519 +5.9% $0.000000 9,386 20 Feb 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +4,010 +43% $0.000000 13,396 20 Feb 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +485 +3.6% $0.000000 13,881 20 Feb 2024 by Trust F1, F2
transaction ANET Common Stock Tax liability $1,743,281 -6,715 -48% $259.61 7,166 20 Feb 2024 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-10 Options Exercise $0 -519 -6.3% $0.000000 7,781 20 Feb 2024 Common Stock 519 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-11 Award $0 +3,755 $0.000000 3,755 20 Feb 2024 Common Stock 3,755 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-11 Options Exercise $0 -3,755 -100% $0.000000* 0 20 Feb 2024 Common Stock 3,755 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-13 Award $0 +4,010 $0.000000 4,010 20 Feb 2024 Common Stock 4,010 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-13 Options Exercise $0 -4,010 -100% $0.000000* 0 20 Feb 2024 Common Stock 4,010 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -748 -33% $0.000000 1,500 20 Feb 2024 Common Stock 748 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1,248 -33% $0.000000 2,500 20 Feb 2024 Common Stock 1,248 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1,456 -20% $0.000000 5,820 20 Feb 2024 Common Stock 1,456 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -736 -13% $0.000000 5,144 20 Feb 2024 Common Stock 736 $0.000000 Direct F1, F10
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -485 -8.3% $0.000000 5,342 20 Feb 2024 Common Stock 485 $0.000000 Direct F1, F11
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -436 -100% $0.000000* 0 20 Feb 2024 Common Stock 436 $0.000000 Direct F1, F12
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -488 -100% $0.000000* 0 20 Feb 2024 Common Stock 488 $0.000000 Direct F1, F13
* 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 will vest on on February 20, 2024 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 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 on February 20, 2024.
F6 This performance stock award was granted in the first quarter of 2023 and was earned based on attainment of certain performance conditions. The award vested on February 20, 2024.
F7 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.
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.
F11 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.
F12 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.
F13 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.