Marc Taxay - May 20, 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
Stock symbol
ANET
Transactions as of
May 20, 2024
Transactions value $
-$1,252,328
Form type
4
Date filed
5/22/2024, 07:21 PM
Previous filing
May 3, 2024
Next filing
Jun 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +872 $0.00 872 May 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +1.56K +178.9% $0.00 2.43K May 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +2.54K +104.61% $0.00 4.98K May 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +1.31K +26.29% $0.00 6.28K May 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +728 +11.58% $0.00 7.01K May 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +778 +11.1% $0.00 7.79K May 20, 2024 Direct F1
transaction ANET Common Stock Tax liability -$1.25M -3.92K -50.33% $319.39 3.87K May 20, 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 -9.09% $0.00 7.28K May 20, 2024 Common Stock 728 $0.00 Direct F1, F3
transaction ANET Restricted Stock Unit-13 Options Exercise $0 -778 -6.67% $0.00 10.9K May 20, 2024 Common Stock 778 $0.00 Direct F1, F4
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -872 -49.89% $0.00 876 May 20, 2024 Common Stock 872 $0.00 Direct F1, F5
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -1.56K -49.94% $0.00 1.56K May 20, 2024 Common Stock 1.56K $0.00 Direct F1, F6
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -2.54K -24.99% $0.00 7.64K May 20, 2024 Common Stock 2.54K $0.00 Direct F1, F7
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -1.31K -14.32% $0.00 7.83K May 20, 2024 Common Stock 1.31K $0.00 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.