Form 4 for ANET Arista Networks
Accepted 2021-11-24 00:00:00 ET · period of report 2021-11-22 · accession 0001596532-21-000413 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-11-24 | 2021-11-22 | ANET | Ullal Jayshree | Pres, CEO, Dir | M - OptEx | $0.00 | +14.3K | 23.1K | +163% | $0 |
| DMI | 2021-11-24 | 2021-11-22 | ANET | Ullal Jayshree | Pres, CEO, Dir | S - Sale+OE | $130.13 | -100.0K | 1.78M | -5% | -$13.01M |
| D | 2021-11-24 | 2021-11-22 | ANET | Ullal Jayshree | Pres, CEO, Dir | F - Tax | $128.16 | -7,089 | 17.0K | -29% | -$908.5K |
| DM | 2021-11-24 | 2021-11-22 | ANET | Ullal Jayshree | Pres, CEO, Dir | M - OptEx | $0.00 | -14.3K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-11-22 | M | A | 8,252 | $0.00 | 18,088 | D By Trust for Child 1 | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F5) These shares are held in 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. |
| 2 | Common | Common Stock | 2021-11-22 | S | D | 60,000 | $130.13 | 6,931,992 | I | — | — | |
| 3 | Common | Common Stock | 2021-11-22 | S | D | 20,000 | $130.13 | 1,783,200 | I | — | — | |
| 4 | Common | Common Stock | 2021-11-22 | S | D | 20,000 | $130.13 | 1,783,200 | I | — | — | (F4) 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. |
| 5 | Common | Common Stock | 2021-11-22 | F | D | 7,089 | $128.16 | 17,043 | D | — | — | |
| 6 | Common | Common Stock | 2021-11-22 | M | A | 1,044 | $0.00 | 24,132 | D by Trust | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F7) These shares are held by a family trust for which the reporting person is co-trustee. |
| 7 | Common | Common Stock | 2021-11-22 | M | A | 5,000 | $0.00 | 23,088 | D By Trust for Child 2 | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F5) These shares are held in 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. |
| 8 | Derivative | Restricted Stock Unit-4 | 2021-11-22 | M | D | 1,044 | $0.00 | 9,392 | D | $0.00 · — to — | 1,044 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F11) This performance stock award was granted in the first quarter of 2020 and was earned based on attainment of certain performance conditions. The award vested (25%) on February 22, 2021, and will continue to vest at a rate of 6.25% quarterly 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. |
| 9 | Derivative | Restricted Stock Unit-2 | 2021-11-22 | M | D | 5,000 | $0.00 | 25,000 | D | $0.00 · — to — | 5,000 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (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, and November 20 of each year. |
| 10 | Derivative | Restricted Stock Unit-1 | 2021-11-22 | M | D | 8,252 | $0.00 | 0 | D | $0.00 · — to — | 8,252 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F9) Five percent (5%) of the restricted stock units awarded vested on February 20, 2017 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. |