Kenneth Duda - 20 Feb 2025 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
Issuer symbol
ANET
Transactions as of
20 Feb 2025
Net transactions value
-$6,836,585
Form type
4
Filing time
24 Feb 2025, 20:18:53 UTC
Previous filing
18 Feb 2025
Next filing
03 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 +10,656 +2% $0.000000 534,980 20 Feb 2025 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +5,696 +1.1% $0.000000 540,676 20 Feb 2025 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +3,884 +0.72% $0.000000 544,560 20 Feb 2025 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +41,416 +7.6% $0.000000 585,976 20 Feb 2025 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +4,144 +0.71% $0.000000 590,120 20 Feb 2025 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +44,240 +7.5% $0.000000 634,360 20 Feb 2025 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +1,836 +0.29% $0.000000 636,196 20 Feb 2025 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +19,568 +3.1% $0.000000 655,764 20 Feb 2025 by Trust F1, F2
transaction ANET Common Stock Tax liability $6,836,585 -65,787 -10% $103.92 589,977 20 Feb 2025 by Trust F2, F3
holding ANET Common Stock 12,976 20 Feb 2025 Direct
holding ANET Common Stock 1,122,600 20 Feb 2025 By Childrens' Trust F4
holding ANET Common Stock 650,400 20 Feb 2025 By Foundation F5
holding ANET Common Stock 626,224 20 Feb 2025 By GRAT JD F6
holding ANET Common Stock 626,224 20 Feb 2025 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 - 18 Award $0 +19,568 $0.000000 19,568 20 Feb 2025 Common Stock 19,568 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit - 18 Options Exercise $0 -19,568 -100% $0.000000 0 20 Feb 2025 Common Stock 19,568 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-11 Options Exercise $0 -4,144 -8.3% $0.000000 45,624 20 Feb 2025 Common Stock 4,144 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-12 Award $0 +41,416 $0.000000 41,416 20 Feb 2025 Common Stock 41,416 $0.000000 Direct F1, F10
transaction ANET Restricted Stock Unit-12 Options Exercise $0 -41,416 -100% $0.000000 0 20 Feb 2025 Common Stock 41,416 $0.000000 Direct F1, F10
transaction ANET Restricted Stock Unit-13 Options Exercise $0 -1,836 -6.3% $0.000000 27,524 20 Feb 2025 Common Stock 1,836 $0.000000 Direct F1, F11
transaction ANET Restricted Stock Unit-16 Award $0 +44,240 $0.000000 44,240 20 Feb 2025 Common Stock 44,240 $0.000000 Direct F1, F12
transaction ANET Restricted Stock Unit-16 Options Exercise $0 -44,240 -100% $0.000000 0 20 Feb 2025 Common Stock 44,240 $0.000000 Direct F1, F12
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -10,656 -100% $0.000000 0 20 Feb 2025 Common Stock 10,656 $0.000000 Direct F1, F13
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -5,696 -25% $0.000000 17,136 20 Feb 2025 Common Stock 5,696 $0.000000 Direct F1, F14
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -3,884 -13% $0.000000 27,176 20 Feb 2025 Common Stock 3,884 $0.000000 Direct F1, F15
* 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 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.
F9 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.
F10 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 on February 20, 2025.
F11 Six and one-quarter percent (6.25%) of the restricted stock awarded vested on February 20, 2025 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.
F12 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 on February 20, 2025.
F13 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.
F14 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.
F15 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.