Kenneth Duda - 22 Feb 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Issuer symbol
ANET
Transactions as of
22 Feb 2022
Transactions value $
-$1,109,140
Form type
4
Filing time
24 Feb 2022, 20:48:33 UTC
Previous filing
15 Feb 2022
Next filing
11 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +4,000 +19.88% $0 24,117 22 Feb 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,500 +6.22% $0 25,617 22 Feb 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,248 +4.87% $0 26,865 22 Feb 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,748 +6.51% $0 28,613 22 Feb 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,664 +9.31% $0 31,277 22 Feb 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,428 +4.57% $0 32,705 22 Feb 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,718 +8.31% $0 35,423 22 Feb 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +3,048 +8.6% $0 38,471 22 Feb 2022 Direct F1
transaction ANET Common Stock Tax liability -$1,109,140 -9,104 -23.66% $121.83 29,367 22 Feb 2022 Direct F2
holding ANET Common Stock 3,552 22 Feb 2022 By Childrens' Trust F3
holding ANET Common Stock 282,600 22 Feb 2022 By Foundation F4
holding ANET Common Stock 564,072 22 Feb 2022 By GRAT JD F5
holding ANET Common Stock 564,072 22 Feb 2022 By GRAT KD F6
holding ANET Common Stock 53,264 22 Feb 2022 by Trust F7

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 Award $0 +9,160 $0 9,160 22 Feb 2022 Common Stock 9,160 $0 Direct F1, F8
transaction ANET Restricted Stock Unit-10 Options Exercise $0 -3,048 -33.28% $0 6,112 22 Feb 2022 Common Stock 3,048 $0 Direct F1, F8
transaction ANET Restricted Stock Unit-2 Options Exercise $0 -4,000 -25% $0 12,000 22 Feb 2022 Common Stock 4,000 $0 Direct F1, F9
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -1,500 -20% $0 6,000 22 Feb 2022 Common Stock 1,500 $0 Direct F1, F10
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1,248 -9.08% $0 12,500 22 Feb 2022 Common Stock 1,248 $0 Direct F1, F11
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1,748 -9.08% $0 17,500 22 Feb 2022 Common Stock 1,748 $0 Direct F1, F12
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -2,664 -7.69% $0 31,980 22 Feb 2022 Common Stock 2,664 $0 Direct F1, F13
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -1,428 -6.25% $0 21,412 22 Feb 2022 Common Stock 1,428 $0 Direct F1, F14
transaction ANET Restricted Stock Unit-9 Award $0 +8,170 $0 8,170 22 Feb 2022 Common Stock 8,170 $0 Direct F1, F15
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -2,718 -33.27% $0 5,452 22 Feb 2022 Common Stock 2,718 $0 Direct F1, F15
* 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 These shares are held in a trust for the benefit of a Child 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.
F4 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F5 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F6 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F7 These shares are held by a family trust for which the reporting person is co-trustee.
F8 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.
F9 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.
F10 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.
F11 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.
F12 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.
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.
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.
F15 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.