Ita M. Brennan - 22 Nov 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
Senior Vice President, CFO
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Ita Brennan
Issuer symbol
ANET
Transactions as of
22 Nov 2021
Net transactions value
-$617,859
Form type
4
Filing time
24 Nov 2021, 17:49:26 UTC
Previous filing
28 Oct 2021
Next filing
03 Dec 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 +2,400 +11% $0.000000 23,332 22 Nov 2021 Direct F1, F2
transaction ANET Common Stock Options Exercise $0 +1,252 +5.4% $0.000000 24,584 22 Nov 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +876 +3.6% $0.000000 25,460 22 Nov 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,560 +6.1% $0.000000 27,020 22 Nov 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +3,632 +13% $0.000000 30,652 22 Nov 2021 Direct F1
transaction ANET Common Stock Tax liability $617,859 -4,821 -16% $128.16 25,831 22 Nov 2021 Direct F3

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-3 Options Exercise $0 -2,400 -20% $0.000000 9,600 22 Nov 2021 Common Stock 2,400 $0.000000 Direct F1, F4
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1,252 -17% $0.000000 6,248 22 Nov 2021 Common Stock 1,252 $0.000000 Direct F1, F5
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -876 -8.3% $0.000000 9,624 22 Nov 2021 Common Stock 876 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -1,560 -8.3% $0.000000 17,188 22 Nov 2021 Common Stock 1,560 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -3,632 -7.1% $0.000000 47,256 22 Nov 2021 Common Stock 3,632 $0.000000 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 On November 18, 2021, the issuer completed a four-for-one stock split of the issuer's common stock. All amounts 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 Five percent (5%) of the 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.
F5 Six and one-quarter percent (6.25%) 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, 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 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.
F8 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.