Jayshree Ullal - Nov 20, 2024 Form 4 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
Nov 20, 2024
Transactions value $
-$6,857,038
Form type
4
Date filed
11/22/2024, 07:33 PM
Previous filing
Nov 6, 2024
Next filing
Nov 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +11.2K +63.08% $0.00 28.8K Nov 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +12.5K +43.36% $0.00 41.3K Nov 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +5.15K +12.46% $0.00 46.5K Nov 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +6.92K +14.87% $0.00 53.4K Nov 20, 2024 Direct F1
transaction ANET Common Stock Tax liability -$6.86M -18K -33.64% $381.71 35.4K Nov 20, 2024 Direct F2
holding ANET Common Stock 1.6M Nov 20, 2024 By Trust for Child 1 F3
holding ANET Common Stock 1.6M Nov 20, 2024 By Trust for Child 2 F3
holding ANET Common Stock 10K Nov 20, 2024 By Trust for Nephew F4
holding ANET Common Stock 10K Nov 20, 2024 By Trust for Niece F4
holding ANET Common Stock 6.36M Nov 20, 2024 by Trust F5

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-5 Options Exercise $0 -11.2K -50.02% $0.00 11.1K Nov 20, 2024 Common Stock 11.2K $0.00 Direct F1, F6
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -12.5K -50.02% $0.00 12.5K Nov 20, 2024 Common Stock 12.5K $0.00 Direct F1, F6
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -5.15K -16.67% $0.00 25.7K Nov 20, 2024 Common Stock 5.15K $0.00 Direct F1, F7
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -6.92K -10% $0.00 62.2K Nov 20, 2024 Common Stock 6.92K $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 These shares are held in trust for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
F4 These shares are held in trust for the benefit of relatives 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 family trust for which the reporting person is co-trustee.
F6 This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vested (25%) on February 20, 2022, 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.
F7 This performance stock award was granted in the first quarter of 2022 and was earned based on attainment of certain performance conditions. The award vested 25% on February 21, 2023 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.
F8 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.