Form 4 for ANET Arista Networks
Accepted 2022-08-24 00:00:00 ET · period of report 2022-08-22 · accession 0001596532-22-000261 · 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 | 2022-08-24 | 2022-08-22 | ANET | Ullal Jayshree | Pres, CEO, Dir | M - OptEx | $0.00 | +29.7K | 7,632 | New | $0 |
| D | 2022-08-24 | 2022-08-22 | ANET | Ullal Jayshree | Pres, CEO, Dir | F - Tax | $127.14 | -14.7K | 17.6K | -46% | -$1.87M |
| DM | 2022-08-24 | 2022-08-22 | ANET | Ullal Jayshree | Pres, CEO, Dir | M - OptEx | $0.00 | -29.7K | 10.0K | -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 | 2022-08-22 | M | A | 12,496 | $0.00 | 32,318 | 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 | 2022-08-22 | M | A | 11,146 | $0.00 | 19,822 | 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 | 2022-08-22 | M | A | 1,044 | $0.00 | 8,676 | 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 | 2022-08-22 | M | A | 5,000 | $0.00 | 7,632 | 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 | 2022-08-22 | F | D | 14,720 | $127.14 | 17,598 | D | — | — | |
| 6 | Derivative | Restricted Stock Unit-6 | 2022-08-22 | M | D | 12,496 | $0.00 | 125,000 | D | $0.00 · — to — | 12,496 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F9) 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 (25%) on February 20, 2022, and will continue to vest quarterly over 3 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. |
| 7 | Derivative | Restricted Stock Unit-5 | 2022-08-22 | M | D | 11,146 | $0.00 | 111,501 | D | $0.00 · — to — | 11,146 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (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 (25%) on February 20, 2022, and will continue to vest quarterly over 3 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. |
| 8 | Derivative | Restricted Stock Unit-4 | 2022-08-22 | M | D | 1,044 | $0.00 | 6,260 | 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. (F7) 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 20, 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 | 2022-08-22 | M | D | 5,000 | $0.00 | 10,000 | 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. (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. |