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

Role
SVP, Chief Operating Officer
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Anshul Sadana
Stock symbol
ANET
Transactions as of
May 20, 2024
Transactions value $
-$292,561
Form type
4
Date filed
5/22/2024, 07:21 PM
Previous filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +167 +0.23% $0.00 71.5K May 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +222 +0.31% $0.00 71.7K May 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +673 +0.94% $0.00 72.4K May 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +362 +0.5% $0.00 72.7K May 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +189 +0.26% $0.00 72.9K May 20, 2024 Direct F1
transaction ANET Common Stock Options Exercise $0 +202 +0.28% $0.00 73.1K May 20, 2024 Direct F1
transaction ANET Common Stock Tax liability -$293K -916 -1.25% $319.39 72.2K May 20, 2024 Direct F2

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 Options Exercise $0 -189 -1.01% $0.00 18.5K May 20, 2024 Common Stock 189 $0.00 Direct F1, F3
transaction ANET Restricted Stock Unit-13 Options Exercise $0 -202 -0.74% $0.00 27K May 20, 2024 Common Stock 202 $0.00 Direct F1, F4
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -167 -5.57% $0.00 2.83K May 20, 2024 Common Stock 167 $0.00 Direct F1, F5
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -222 -5.55% $0.00 3.78K May 20, 2024 Common Stock 222 $0.00 Direct F1, F6
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -673 -2.78% $0.00 23.6K May 20, 2024 Common Stock 673 $0.00 Direct F1, F7
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -362 -1.59% $0.00 22.5K May 20, 2024 Common Stock 362 $0.00 Direct F1, F8
* 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 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F3 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.
F4 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.
F5 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.
F6 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, and November 20 of each year.
F7 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.
F8 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.