Marc Taxay - 20 Aug 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
SVP and General Counsel
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Marc Taxay
Issuer symbol
ANET
Transactions as of
20 Aug 2021
Net transactions value
-$396,490
Form type
4
Filing time
24 Aug 2021, 21:32:33 UTC
Previous filing
04 Aug 2021
Next filing
03 Sep 2021
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 +600 $0.000000 600 20 Aug 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +312 +52% $0.000000 912 20 Aug 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +219 +24% $0.000000 1,131 20 Aug 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +391 +35% $0.000000 1,522 20 Aug 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +637 +42% $0.000000 2,159 20 Aug 2021 Direct F1
transaction ANET Common Stock Tax liability $396,490 -1,072 -50% $369.86 1,087 20 Aug 2021 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-4 Options Exercise $0 -600 -17% $0.000000 3,000 20 Aug 2021 Common Stock 600 $0.000000 Direct F1, F3
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -312 -14% $0.000000 1,875 20 Aug 2021 Common Stock 312 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -219 -7.7% $0.000000 2,625 20 Aug 2021 Common Stock 219 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -391 -7.7% $0.000000 4,687 20 Aug 2021 Common Stock 391 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -637 -6.7% $0.000000 8,907 20 Aug 2021 Common Stock 637 $0.000000 Direct F1, F7
* 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 Five percent (5%) of the 12,000 restricted stock units awarded vested on February 20, 2018 and five percent (5%) of the award will continue to vest 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.
F4 Six and one-quarter percent (6.25%) of the 5,000 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.
F5 Six and one-quarter percent (6.25%) of the 3,500 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.
F6 Six and one-quarter percent (6.25%) of the 6,250 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 10,180 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.