Anshul Sadana - 20 Feb 2024 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Reporting relationship: SVP, Chief Operating Officer
Issuer ticker: ANET
Reported as of: 20 Feb 2024
Net transaction value: -$6,351,359
SEC form: 4
Accepted by SEC: 22 Feb 2024, 19:41:14 UTC
Prior SEC filing: 13 Feb 2024
Next SEC filing: 22 May 2024
Source filing: View source filing
Reporting owner signature: By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Anshul Sadana

Key filing fact

Anshul Sadana filed Form 4 for Arista Networks, Inc. (ANET) on 22 Feb 2024.

Key facts

This page summarizes Anshul Sadana's Form 4 filing for Arista Networks, Inc. (ANET).
25 reported transactions and 13 derivative rows are listed below.
Accepted by SEC: 22 Feb 2024, 19:41.

Change

Previous filing in this sequence was filed on 13 Feb 2024.
Current net transaction value: -$6,351,359.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +1,500
Change %: +3.2%
Price: $0.000000
Shares after: 47,758
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F1, F2

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +2,400
Change %: +5%
Price: $0.000000
Shares after: 50,158
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +2,000
Change %: +4%
Price: $0.000000
Shares after: 52,158
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +6,060
Change %: +12%
Price: $0.000000
Shares after: 58,218
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +3,264
Change %: +5.6%
Price: $0.000000
Shares after: 61,482
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +1,699
Change %: +2.8%
Price: $0.000000
Shares after: 63,181
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +1,904
Change %: +3%
Price: $0.000000
Shares after: 65,085
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +1,699
Change %: +2.6%
Price: $0.000000
Shares after: 66,784
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +13,137
Change %: +20%
Price: $0.000000
Shares after: 79,921
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +1,814
Change %: +2.3%
Price: $0.000000
Shares after: 81,735
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +14,030
Change %: +17%
Price: $0.000000
Shares after: 95,765
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Tax liability

Transaction value: $6,351,359
Shares: -24,465
Change %: -26%
Price: $259.61
Shares after: 71,300
Date: 20 Feb 2024
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ANET transaction Derivative

Restricted Stock Unit-10

Options Exercise

Transaction value: $0
Shares: -1,699
Change %: -8.3%
Price: $0.000000
Shares after: 18,686
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,699
Exercise price: $0.000000
Footnotes: F1, F4

ANET transaction Derivative

Restricted Stock Unit-11

Options Exercise

Transaction value: $0
Shares: -1,699
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,699
Exercise price: $0.000000
Footnotes: F1, F5

ANET transaction Derivative

Restricted Stock Unit-12

Options Exercise

Transaction value: $0
Shares: -1,904
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,904
Exercise price: $0.000000
Footnotes: F1, F6

ANET transaction Derivative

Restricted Stock Unit-13

Options Exercise

Transaction value: $0
Shares: -1,814
Change %: -6.2%
Price: $0.000000
Shares after: 27,216
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,814
Exercise price: $0.000000
Footnotes: F1, F7

ANET transaction Derivative

Restricted Stock Unit-14

Award

Transaction value: $0
Shares: +13,137
Change %
Price: $0.000000
Shares after: 13,137
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,137
Exercise price: $0.000000
Footnotes: F1, F8

ANET transaction Derivative

Restricted Stock Unit-14

Options Exercise

Transaction value: $0
Shares: -13,137
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,137
Exercise price: $0.000000
Footnotes: F1, F8

ANET transaction Derivative

Restricted Stock Unit-16

Award

Transaction value: $0
Shares: +14,030
Change %
Price: $0.000000
Shares after: 14,030
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 14,030
Exercise price: $0.000000
Footnotes: F1, F9

ANET transaction Derivative

Restricted Stock Unit-16

Options Exercise

Transaction value: $0
Shares: -14,030
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 14,030
Exercise price: $0.000000
Footnotes: F1, F9

ANET transaction Derivative

Restricted Stock Unit-5

Options Exercise

Transaction value: $0
Shares: -1,500
Change %: -33%
Price: $0.000000
Shares after: 3,000
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,500
Exercise price: $0.000000
Footnotes: F1, F10

ANET transaction Derivative

Restricted Stock Unit-6

Options Exercise

Transaction value: $0
Shares: -2,400
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,400
Exercise price: $0.000000
Footnotes: F1, F11

ANET transaction Derivative

Restricted Stock Unit-7

Options Exercise

Transaction value: $0
Shares: -2,000
Change %: -33%
Price: $0.000000
Shares after: 4,000
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,000
Exercise price: $0.000000
Footnotes: F1, F12

ANET transaction Derivative

Restricted Stock Unit-8

Options Exercise

Transaction value: $0
Shares: -6,060
Change %: -20%
Price: $0.000000
Shares after: 24,228
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,060
Exercise price: $0.000000
Footnotes: F1, F13

ANET transaction Derivative

Restricted Stock Unit-9

Options Exercise

Transaction value: $0
Shares: -3,264
Change %: -13%
Price: $0.000000
Shares after: 22,836
Date: 20 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,264
Exercise price: $0.000000
Footnotes: F1, F14

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 14 footnotes

Footnote F1

Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.

Footnote F2

Includes 137 shares acquired under the Arista Networks, Inc. 2014 Employee Stock Purchase Plan on February 15, 2024.

Footnote F3

Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.

Footnote F4

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.

Footnote F5

This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests 1/3 on February 22, 2022, and will continue to vest quarterly over 2 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.

Footnote F6

Footnote F7

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.

Footnote F8

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, 2024.

Footnote F9

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, 2024.

Footnote F10

Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on November 20, 2020 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, or November 20 of each year.

Footnote F11

Five percent (5%) of the restricted stock units awarded vested on May 20, 2019 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.

Footnote F12

Footnote 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.

Footnote 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.