Marc Taxay - 20 May 2024 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
SVP and General Counsel
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Marc Taxay
Issuer symbol
ANET
Transactions as of
20 May 2024
Net transactions value
-$1,252,328
Form type
4
Filing time
22 May 2024, 19:21:41 UTC
Previous filing
03 May 2024
Next filing
05 Jun 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 +872 $0.000000 872 20 May 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,560 +179% $0.000000 2,432 20 May 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,544 +105% $0.000000 4,976 20 May 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,308 +26% $0.000000 6,284 20 May 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +728 +12% $0.000000 7,012 20 May 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +778 +11% $0.000000 7,790 20 May 2024 Direct F1
transaction ANET Common Stock Tax liability $1,252,328 -3,921 -50% $319.39 3,869 20 May 2024 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 -728 -9.1% $0.000000 7,281 20 May 2024 Common Stock 728 $0.000000 Direct F1, F3
transaction ANET Restricted Stock Unit-13 Options Exercise $0 -778 -6.7% $0.000000 10,894 20 May 2024 Common Stock 778 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -872 -50% $0.000000 876 20 May 2024 Common Stock 872 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -1,560 -50% $0.000000 1,564 20 May 2024 Common Stock 1,560 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -2,544 -25% $0.000000 7,636 20 May 2024 Common Stock 2,544 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -1,308 -14% $0.000000 7,828 20 May 2024 Common Stock 1,308 $0.000000 Direct F1, F8
* 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 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 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 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.
F7 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.
F8 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.