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

Reporting relationship: President and CEO, Director
Issuer ticker: ANET
Reported as of: 20 Feb 2025
Net transaction value: -$16,488,363
SEC form: 4
Accepted by SEC: 24 Feb 2025, 20:19:36 UTC
Prior SEC filing: 13 Dec 2024
Next SEC filing: 26 Feb 2025
Source filing: View source filing
Reporting owner signature: By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal

Key filing fact

Jayshree Ullal filed Form 4 for Arista Networks, Inc. (ANET) on 24 Feb 2025.

Key facts

This page summarizes Jayshree Ullal's Form 4 filing for Arista Networks, Inc. (ANET).
18 reported transactions and 10 derivative rows are listed below.
Accepted by SEC: 24 Feb 2025, 20:19.

Change

Previous filing in this sequence was filed on 13 Dec 2024.
Current net transaction value: -$16,488,363.

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: +44,588
Change %: +63%
Price: $0.000000
Shares after: 115,312
Date: 20 Feb 2025
Ownership: Direct
Footnotes: F1, F2

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +49,984
Change %: +43%
Price: $0.000000
Shares after: 165,296
Date: 20 Feb 2025
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +20,592
Change %: +12%
Price: $0.000000
Shares after: 185,888
Date: 20 Feb 2025
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +77,640
Change %: +42%
Price: $0.000000
Shares after: 263,528
Date: 20 Feb 2025
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +27,664
Change %: +10%
Price: $0.000000
Shares after: 291,192
Date: 20 Feb 2025
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +57,240
Change %: +20%
Price: $0.000000
Shares after: 348,432
Date: 20 Feb 2025
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +41,224
Change %: +12%
Price: $0.000000
Shares after: 389,656
Date: 20 Feb 2025
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Tax liability

Transaction value: $16,488,363
Shares: -158,664
Change %: -41%
Price: $103.92
Shares after: 230,992
Date: 20 Feb 2025
Ownership: Direct
Footnotes: F3

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 6,383,200
Date: 20 Feb 2025
Ownership: By Trust for Child 1
Footnotes: F4

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 6,383,200
Date: 20 Feb 2025
Ownership: By Trust for Child 2
Footnotes: F4

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 40,000
Date: 20 Feb 2025
Ownership: By Trust for Nephew
Footnotes: F5

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 40,000
Date: 20 Feb 2025
Ownership: By Trust for Niece
Footnotes: F5

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 24,493,968
Date: 20 Feb 2025
Ownership: by Trust
Footnotes: F6

Reported derivative securities

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

ANET transaction Derivative

Restricted Stock Unit-10

Award

Transaction value: $0
Shares: +114,480
Change %
Price: $0.000000
Shares after: 114,480
Date: 20 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 114,480
Exercise price: $0.000000
Footnotes: F1, F7

ANET transaction Derivative

Restricted Stock Unit-10

Options Exercise

Transaction value: $0
Shares: -57,240
Change %: -50%
Price: $0.000000
Shares after: 57,240
Date: 20 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 57,240
Exercise price: $0.000000
Footnotes: F1, F7

ANET transaction Derivative

Restricted Stock Unit-11

Award

Transaction value: $0
Shares: +41,224
Change %
Price: $0.000000
Shares after: 41,224
Date: 20 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 41,224
Exercise price: $0.000000
Footnotes: F1, F8

ANET transaction Derivative

Restricted Stock Unit-11

Options Exercise

Transaction value: $0
Shares: -41,224
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 20 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 41,224
Exercise price: $0.000000
Footnotes: F1, F8

ANET transaction Derivative

Restricted Stock Unit-5

Options Exercise

Transaction value: $0
Shares: -44,588
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 20 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 44,588
Exercise price: $0.000000
Footnotes: F1, F9

ANET transaction Derivative

Restricted Stock Unit-6

Options Exercise

Transaction value: $0
Shares: -49,984
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 20 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 49,984
Exercise price: $0.000000
Footnotes: F1, F10

ANET transaction Derivative

Restricted Stock Unit-7

Options Exercise

Transaction value: $0
Shares: -20,592
Change %: -20%
Price: $0.000000
Shares after: 82,384
Date: 20 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 20,592
Exercise price: $0.000000
Footnotes: F1, F11

ANET transaction Derivative

Restricted Stock Unit-8

Options Exercise

Transaction value: $0
Shares: -27,664
Change %: -11%
Price: $0.000000
Shares after: 221,304
Date: 20 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 27,664
Exercise price: $0.000000
Footnotes: F1, F12

ANET transaction Derivative

Restricted Stock Unit-9

Award

Transaction value: $0
Shares: +155,280
Change %
Price: $0.000000
Shares after: 155,280
Date: 20 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 155,280
Exercise price: $0.000000
Footnotes: F1, F13

ANET transaction Derivative

Restricted Stock Unit-9

Options Exercise

Transaction value: $0
Shares: -77,640
Change %: -50%
Price: $0.000000
Shares after: 77,640
Date: 20 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 77,640
Exercise price: $0.000000
Footnotes: F1, F13

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 13 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

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.

Footnote F3

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

Footnote 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.

Footnote 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.

Footnote F6

These shares are held by a family trust for which the reporting person is co-trustee.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

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