Jayshree Ullal - Feb 20, 2024 Form 4/A Insider Report for Arista Networks, Inc. (ANET)

Role
President and CEO, Director
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Stock symbol
ANET
Transactions as of
Feb 20, 2024
Transactions value $
$0
Form type
4/A
Date filed
5/22/2024, 07:21 PM
Date Of Original Report
Feb 22, 2024
Previous filing
Jan 31, 2024
Next filing
Mar 19, 2024

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-8 Award $0 +111K $0.00 111K Feb 20, 2024 Common Stock 111K $0.00 Direct F1, F2, F3
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -27.7K -25% $0.00 83K Feb 20, 2024 Common Stock 27.7K $0.00 Direct F1, F3, F4
* 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 Amending to add the total number of shares which could be issued under the restricted stock unit upon attainment of performance conditions.
F3 Amending vest schedule: 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 (25%) on February 20, 2024, 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.
F4 Amending to show updated share balance after amending the original granted entry.