Jayshree Ullal - 20 Feb 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
Issuer symbol
ANET
Transactions as of
20 Feb 2024
Net transactions value
$0
Form type
4/A
Filing time
22 May 2024, 19:21:53 UTC
Date Of Original Report
22 Feb 2024
Previous filing
31 Jan 2024
Next filing
19 Mar 2024
SEC
View on sec.gov

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 +110,649 $0.000000 110,649 20 Feb 2024 Common Stock 110,649 $0.000000 Direct F1, F2, F3
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -27,661 -25% $0.000000 82,988 20 Feb 2024 Common Stock 27,661 $0.000000 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.