Form 4 for ANET Arista Networks
Accepted 2023-11-22 00:00:00 ET · period of report 2023-11-20 · accession 0001596532-23-000314 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-11-22 | 2023-11-20 | ANET | Duda Kenneth | CTO, SVP Software Eng | F - Tax | $215.34 | -4,723 | 218.3K | -2% | -$1.02M |
| DMI | 2023-11-22 | 2023-11-20 | ANET | Duda Kenneth | CTO, SVP Software Eng | M - OptEx | $0.00 | +9,520 | 222.0K | +4% | $0 |
| DM | 2023-11-22 | 2023-11-20 | ANET | Duda Kenneth | CTO, SVP Software Eng | M - OptEx | $0.00 | -9,520 | 678 | -93% | $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 | 2023-11-20 | F | D | 4,723 | $215.34 | 218,259 | I by Trust | — | — | (F2) These shares are held by a family trust for which the reporting person is co-trustee. |
| 2 | Common | Common Stock | 2023-11-20 | M | A | 971 | $0.00 | 222,982 | I by Trust | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F2) These shares are held by a family trust for which the reporting person is co-trustee. |
| 3 | Common | Common Stock | 2023-11-20 | M | A | 1,252 | $0.00 | 214,714 | I by Trust | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F2) These shares are held by a family trust for which the reporting person is co-trustee. |
| 4 | Common | Common Stock | 2023-11-20 | M | A | 1,752 | $0.00 | 216,466 | I by Trust | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F2) These shares are held by a family trust for which the reporting person is co-trustee. |
| 5 | Common | Common Stock | 2023-11-20 | M | A | 2,664 | $0.00 | 219,130 | I by Trust | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F2) These shares are held by a family trust for which the reporting person is co-trustee. |
| 6 | Common | Common Stock | 2023-11-20 | M | A | 1,428 | $0.00 | 220,558 | I by Trust | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F2) These shares are held by a family trust for which the reporting person is co-trustee. |
| 7 | Common | Common Stock | 2023-11-20 | M | A | 685 | $0.00 | 221,243 | I by Trust | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F2) These shares are held by a family trust for which the reporting person is co-trustee. |
| 8 | Common | Common Stock | 2023-11-20 | M | A | 768 | $0.00 | 222,011 | I by Trust | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F2) These shares are held by a family trust for which the reporting person is co-trustee. |
| 9 | Derivative | Restricted Stock Unit-4 | 2023-11-20 | 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. (F9) 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. |
| 10 | Derivative | Restricted Stock Unit-10 | 2023-11-20 | M | D | 768 | $0.00 | 760 | 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. (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. |
| 11 | Derivative | Restricted Stock Unit-5 | 2023-11-20 | M | D | 1,752 | $0.00 | 5,248 | D | $0.00 · — to — | 1,752 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 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. |
| 12 | Derivative | Restricted Stock Unit-6 | 2023-11-20 | M | D | 2,664 | $0.00 | 13,324 | D | $0.00 · — to — | 2,664 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F11) 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-7 | 2023-11-20 | M | D | 1,428 | $0.00 | 11,420 | D | $0.00 · — to — | 1,428 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F12) 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. |
| 14 | Derivative | Restricted Stock Unit-8 | 2023-11-20 | M | D | 971 | $0.00 | 11,647 | D | $0.00 · — to — | 971 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F13) Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on February 20, 2023 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-9 | 2023-11-20 | M | D | 685 | $0.00 | 678 | 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. (F14) 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. |