Kenneth Duda - Nov 20, 2024 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
CTO and SVP Software Eng., Director
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Stock symbol
ANET
Transactions as of
Nov 20, 2024
Transactions value $
-$1,171,468
Form type
4
Date filed
11/22/2024, 07:33 PM
Previous filing
Nov 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +2.66K +1.17% $0.00 231K Nov 20, 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1.43K +0.62% $0.00 232K Nov 20, 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +971 +0.42% $0.00 233K Nov 20, 2024 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1.04K +0.44% $0.00 234K Nov 20, 2024 by Trust F1, F2
transaction ANET Common Stock Tax liability -$1.17M -3.07K -1.31% $381.71 231K Nov 20, 2024 by Trust F2, F3
holding ANET Common Stock 3.24K Nov 20, 2024 Direct
holding ANET Common Stock 329K Nov 20, 2024 By Childrens' Trust F4
holding ANET Common Stock 175K Nov 20, 2024 By Foundation F5
holding ANET Common Stock 107K Nov 20, 2024 By GRAT JD F6
holding ANET Common Stock 107K Nov 20, 2024 By GRAT KD F7

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-11 Options Exercise $0 -1.04K -7.69% $0.00 12.4K Nov 20, 2024 Common Stock 1.04K $0.00 Direct F1, F8
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -2.66K -50% $0.00 2.66K Nov 20, 2024 Common Stock 2.66K $0.00 Direct F1, F9
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -1.43K -20.01% $0.00 5.71K Nov 20, 2024 Common Stock 1.43K $0.00 Direct F1, F10
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -971 -11.11% $0.00 7.77K Nov 20, 2024 Common Stock 971 $0.00 Direct F1, F11
* 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 These shares are held by a family trust for which the reporting person is co-trustee.
F3 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F4 These shares are held in a trust for the benefit of a Child of the reporting person for which the reporting person serves as co-trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
F5 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F6 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F7 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F8 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.
F9 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.
F10 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.
F11 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.