Chantelle Yvette Breithaupt - 20 Feb 2025 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
Senior Vice President, CFO
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Chantelle Breithaupt
Issuer symbol
ANET
Transactions as of
20 Feb 2025
Net transactions value
-$2,960,785
Form type
4
Filing time
24 Feb 2025, 20:18:39 UTC
Previous filing
18 Feb 2025
Next filing
04 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +43,668 $0.000000 43,668 20 Feb 2025 Direct F1, F2
transaction ANET Common Stock Options Exercise $0 +15,856 +36% $0.000000 59,524 20 Feb 2025 Direct F1
transaction ANET Common Stock Tax liability $2,960,785 -28,491 -48% $103.92 31,033 20 Feb 2025 Direct F3

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-1 Options Exercise $0 -43,668 -25% $0.000000 131,012 20 Feb 2025 Common Stock 43,668 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-3 Award $0 +15,856 $0.000000 15,856 20 Feb 2025 Common Stock 15,856 $0.000000 Direct F5
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -15,856 -100% $0.000000 0 20 Feb 2025 Common Stock 15,856 $0.000000 Direct F1, F5
* 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 On December 4, 2024, the issuer completed a four-for-one stock split of the issuer's common stock. ALL AMOUNTS ON THIS FORM HAVE BEEN ADJUSTED TO GIVE EFFECT TO THIS STOCK SPLIT.
F3 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F4 Twenty five percent (25%) of the restricted stock units awarded vested on Feb 20, 2025 and will continue to vest at a rate of six and one-quarter percent (6.25%) each quarter 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 or November 20 of each year.
F5 This performance stock award was granted in the first quarter of 2024 and was earned based on attainment of certain performance conditions. The award vested on February 20, 2025.