Kenneth Duda - 20 May 2022 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 2022
Net transactions value
-$715,298
Form type
4
Filing time
24 May 2022, 18:54:32 UTC
Previous filing
17 May 2022
Next filing
14 Jun 2022
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 +4,000 +14% $0.000000 33,367 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,500 +4.5% $0.000000 34,867 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,252 +3.6% $0.000000 36,119 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,752 +4.9% $0.000000 37,871 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +2,664 +7% $0.000000 40,535 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +1,428 +3.5% $0.000000 41,963 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +685 +1.6% $0.000000 42,648 20 May 2022 Direct F1
transaction ANET Common Stock Options Exercise $0 +768 +1.8% $0.000000 43,416 20 May 2022 Direct F1
transaction ANET Common Stock Tax liability $715,298 -6,969 -16% $102.64 36,447 20 May 2022 Direct F2
holding ANET Common Stock 248,462 20 May 2022 By Childrens' Trust F3
holding ANET Common Stock 272,100 20 May 2022 By Foundation F4
holding ANET Common Stock 373,056 20 May 2022 By GRAT JD F5
holding ANET Common Stock 373,056 20 May 2022 By GRAT KD F6
holding ANET Common Stock 174,386 20 May 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 Options Exercise $0 -768 -13% $0.000000 5,344 20 May 2022 Common Stock 768 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-2 Options Exercise $0 -4,000 -33% $0.000000 8,000 20 May 2022 Common Stock 4,000 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -1,500 -25% $0.000000 4,500 20 May 2022 Common Stock 1,500 $0.000000 Direct F1, F10
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1,252 -10% $0.000000 11,248 20 May 2022 Common Stock 1,252 $0.000000 Direct F1, F11
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1,752 -10% $0.000000 15,748 20 May 2022 Common Stock 1,752 $0.000000 Direct F1, F12
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -2,664 -8.3% $0.000000 29,316 20 May 2022 Common Stock 2,664 $0.000000 Direct F1, F13
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -1,428 -6.7% $0.000000 19,984 20 May 2022 Common Stock 1,428 $0.000000 Direct F1, F14
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -685 -13% $0.000000 4,767 20 May 2022 Common Stock 685 $0.000000 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.