Form 4 for ANET Arista Networks
Accepted 2022-05-24 00:00:00 ET · period of report 2022-05-20 · accession 0001596532-22-000151 · 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 | 2022-05-24 | 2022-05-20 | ANET | Taxay Marc | SVP, GC | M - OptEx | $0.00 | +11.4K | 11.4K | New | $0 |
| D | 2022-05-24 | 2022-05-20 | ANET | Taxay Marc | SVP, GC | F - Tax | $102.64 | -5,650 | 5,739 | -50% | -$579.9K |
| DM | 2022-05-24 | 2022-05-20 | ANET | Taxay Marc | SVP, GC | M - OptEx | $0.00 | -11.4K | 3,748 | -75% | $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 | 2022-05-20 | M | A | 2,400 | $0.00 | 2,400 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. |
| 2 | Common | Common Stock | 2022-05-20 | M | A | 1,252 | $0.00 | 3,652 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. |
| 3 | Common | Common Stock | 2022-05-20 | M | A | 872 | $0.00 | 4,524 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. |
| 4 | Common | Common Stock | 2022-05-20 | M | A | 1,560 | $0.00 | 6,084 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. |
| 5 | Common | Common Stock | 2022-05-20 | M | A | 2,544 | $0.00 | 8,628 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. |
| 6 | Common | Common Stock | 2022-05-20 | M | A | 1,308 | $0.00 | 9,936 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. |
| 7 | Common | Common Stock | 2022-05-20 | F | D | 5,650 | $102.64 | 5,739 | D | — | — | |
| 8 | Common | Common Stock | 2022-05-20 | M | A | 685 | $0.00 | 10,621 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. |
| 9 | Common | Common Stock | 2022-05-20 | M | A | 768 | $0.00 | 11,389 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. |
| 10 | Derivative | Restricted Stock Unit-12 | 2022-05-20 | M | D | 768 | $0.00 | 5,344 | D | $0.00 · — to — | 768 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F4) 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. |
| 11 | Derivative | Restricted Stock Unit-9 | 2022-05-20 | M | D | 1,308 | $0.00 | 18,268 | D | $0.00 · — to — | 1,308 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 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. |
| 12 | Derivative | Restricted Stock Unit-8 | 2022-05-20 | M | D | 2,544 | $0.00 | 27,996 | D | $0.00 · — to — | 2,544 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F9) 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. |
| 13 | Derivative | Restricted Stock Unit-11 | 2022-05-20 | M | D | 685 | $0.00 | 4,767 | D | $0.00 · — to — | 685 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F3) 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. |
| 14 | Derivative | Restricted Stock Unit-7 | 2022-05-20 | M | D | 1,560 | $0.00 | 14,064 | D | $0.00 · — to — | 1,560 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F8) 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. |
| 15 | Derivative | Restricted Stock Unit-4 | 2022-05-20 | M | D | 2,400 | $0.00 | 4,800 | D | $0.00 · — to — | 2,400 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F5) 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. |
| 16 | Derivative | Restricted Stock Unit-6 | 2022-05-20 | M | D | 872 | $0.00 | 7,876 | D | $0.00 · — to — | 872 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (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. |
| 17 | Derivative | Restricted Stock Unit-5 | 2022-05-20 | M | D | 1,252 | $0.00 | 3,748 | D | $0.00 · — to — | 1,252 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F6) 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. |