Jayshree Ullal - 20 Feb 2025 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Issuer symbol
ANET
Transactions as of
20 Feb 2025
Net transactions value
-$16,488,363
Form type
4
Filing time
24 Feb 2025, 20:19:36 UTC
Previous filing
13 Dec 2024
Next filing
26 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +44,588 +63% $0.000000 115,312 20 Feb 2025 Direct F1, F2
transaction ANET Common Stock Options Exercise $0 +49,984 +43% $0.000000 165,296 20 Feb 2025 Direct F1
transaction ANET Common Stock Options Exercise $0 +20,592 +12% $0.000000 185,888 20 Feb 2025 Direct F1
transaction ANET Common Stock Options Exercise $0 +77,640 +42% $0.000000 263,528 20 Feb 2025 Direct F1
transaction ANET Common Stock Options Exercise $0 +27,664 +10% $0.000000 291,192 20 Feb 2025 Direct F1
transaction ANET Common Stock Options Exercise $0 +57,240 +20% $0.000000 348,432 20 Feb 2025 Direct F1
transaction ANET Common Stock Options Exercise $0 +41,224 +12% $0.000000 389,656 20 Feb 2025 Direct F1
transaction ANET Common Stock Tax liability $16,488,363 -158,664 -41% $103.92 230,992 20 Feb 2025 Direct F3
holding ANET Common Stock 6,383,200 20 Feb 2025 By Trust for Child 1 F4
holding ANET Common Stock 6,383,200 20 Feb 2025 By Trust for Child 2 F4
holding ANET Common Stock 40,000 20 Feb 2025 By Trust for Nephew F5
holding ANET Common Stock 40,000 20 Feb 2025 By Trust for Niece F5
holding ANET Common Stock 24,493,968 20 Feb 2025 by Trust F6

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-10 Award $0 +114,480 $0.000000 114,480 20 Feb 2025 Common Stock 114,480 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-10 Options Exercise $0 -57,240 -50% $0.000000 57,240 20 Feb 2025 Common Stock 57,240 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-11 Award $0 +41,224 $0.000000 41,224 20 Feb 2025 Common Stock 41,224 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-11 Options Exercise $0 -41,224 -100% $0.000000 0 20 Feb 2025 Common Stock 41,224 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -44,588 -100% $0.000000 0 20 Feb 2025 Common Stock 44,588 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -49,984 -100% $0.000000 0 20 Feb 2025 Common Stock 49,984 $0.000000 Direct F1, F10
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -20,592 -20% $0.000000 82,384 20 Feb 2025 Common Stock 20,592 $0.000000 Direct F1, F11
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -27,664 -11% $0.000000 221,304 20 Feb 2025 Common Stock 27,664 $0.000000 Direct F1, F12
transaction ANET Restricted Stock Unit-9 Award $0 +155,280 $0.000000 155,280 20 Feb 2025 Common Stock 155,280 $0.000000 Direct F1, F13
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -77,640 -50% $0.000000 77,640 20 Feb 2025 Common Stock 77,640 $0.000000 Direct F1, F13
* 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 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.
F5 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.
F6 These shares are held by a family trust for which the reporting person is co-trustee.
F7 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 1/2 on February 20, 2025, and will continue to fully vest on February 20, 2026.
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 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.
F10 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.
F11 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.
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 (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.
F13 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 1/2 on February 20, 2025, and will continue to fully vest on February 20, 2026.