Kenneth Duda - 20 May 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
CTO and SVP Software Eng.
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Issuer symbol
ANET
Transactions as of
20 May 2021
Net transactions value
-$465,935
Form type
4
Filing time
24 May 2021, 21:11:58 UTC
Previous filing
14 May 2021
Next filing
04 Jun 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 +1,000 +123% $0.000000 1,811 20 May 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +375 +21% $0.000000 2,186 20 May 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +313 +14% $0.000000 2,499 20 May 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +438 +18% $0.000000 2,937 20 May 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +666 +23% $0.000000 3,603 20 May 2021 Direct F1
transaction ANET Common Stock Tax liability $465,935 -1,387 -38% $335.93 2,216 20 May 2021 Direct F2
holding ANET Common Stock 37,640 20 May 2021 By Childrens' Trust F3
holding ANET Common Stock 29,900 20 May 2021 By Foundation F4
holding ANET Common Stock 123,825 20 May 2021 By GRAT JD F5
holding ANET Common Stock 123,825 20 May 2021 By GRAT KD F6
holding ANET Common Stock 126,265 20 May 2021 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-2 Options Exercise $0 -1,000 -14% $0.000000 6,000 20 May 2021 Common Stock 1,000 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -375 -12% $0.000000 2,625 20 May 2021 Common Stock 375 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -313 -7.2% $0.000000 4,062 20 May 2021 Common Stock 313 $0.000000 Direct F1, F10
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -438 -7.2% $0.000000 5,687 20 May 2021 Common Stock 438 $0.000000 Direct F1, F11
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -666 -6.2% $0.000000 9,994 20 May 2021 Common Stock 666 $0.000000 Direct F1, F12
* 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 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.
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 Five percent (5%) of the 20,000 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.
F9 Six and one-quarter percent (6.25%) of the 6,000 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, or November 20 of each year.
F10 Six and one-quarter percent (6.25%) of the 5,000 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.
F11 Six and one-quarter percent (6.25%) of the 7,000 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 10,660 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.