Anshul Sadana - 20 Feb 2024 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
20 Feb 2024
Net transactions value
-$6,351,359
Form type
4
Filing time
22 Feb 2024, 19:41:14 UTC
Previous filing
13 Feb 2024
Next filing
22 May 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 +1,500 +3.2% $0.000000 47,758 20 Feb 2024 Direct F1, F2
transaction ANET Common Stock Options Exercise $0 +2,400 +5% $0.000000 50,158 20 Feb 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,000 +4% $0.000000 52,158 20 Feb 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +6,060 +12% $0.000000 58,218 20 Feb 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +3,264 +5.6% $0.000000 61,482 20 Feb 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,699 +2.8% $0.000000 63,181 20 Feb 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,904 +3% $0.000000 65,085 20 Feb 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,699 +2.6% $0.000000 66,784 20 Feb 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +13,137 +20% $0.000000 79,921 20 Feb 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,814 +2.3% $0.000000 81,735 20 Feb 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +14,030 +17% $0.000000 95,765 20 Feb 2024 Direct F1
transaction ANET Common Stock Tax liability $6,351,359 -24,465 -26% $259.61 71,300 20 Feb 2024 Direct 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 -1,699 -8.3% $0.000000 18,686 20 Feb 2024 Common Stock 1,699 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-11 Options Exercise $0 -1,699 -100% $0.000000* 0 20 Feb 2024 Common Stock 1,699 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-12 Options Exercise $0 -1,904 -100% $0.000000* 0 20 Feb 2024 Common Stock 1,904 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-13 Options Exercise $0 -1,814 -6.2% $0.000000 27,216 20 Feb 2024 Common Stock 1,814 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-14 Award $0 +13,137 $0.000000 13,137 20 Feb 2024 Common Stock 13,137 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-14 Options Exercise $0 -13,137 -100% $0.000000* 0 20 Feb 2024 Common Stock 13,137 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-16 Award $0 +14,030 $0.000000 14,030 20 Feb 2024 Common Stock 14,030 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-16 Options Exercise $0 -14,030 -100% $0.000000* 0 20 Feb 2024 Common Stock 14,030 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1,500 -33% $0.000000 3,000 20 Feb 2024 Common Stock 1,500 $0.000000 Direct F1, F10
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -2,400 -100% $0.000000* 0 20 Feb 2024 Common Stock 2,400 $0.000000 Direct F1, F11
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -2,000 -33% $0.000000 4,000 20 Feb 2024 Common Stock 2,000 $0.000000 Direct F1, F12
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -6,060 -20% $0.000000 24,228 20 Feb 2024 Common Stock 6,060 $0.000000 Direct F1, F13
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -3,264 -13% $0.000000 22,836 20 Feb 2024 Common Stock 3,264 $0.000000 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 Includes 137 shares acquired under the Arista Networks, Inc. 2014 Employee Stock Purchase Plan on February 15, 2024.
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 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.
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 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.
F7 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.
F8 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.
F9 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.
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, or November 20 of each year.
F11 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.
F12 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.
F13 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.
F14 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.