Filing Details
- Accession Number:
- 0001596532-21-000413
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-11-24 18:51:48
- Reporting Period:
- 2021-11-22
- Accepted Time:
- 2021-11-24 18:51:48
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1596532 | Arista Networks Inc. | ANET | Computer Communications Equipment (3576) | 201751121 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1605809 | Jayshree Ullal | 5453 Great America Parkway Santa Clara CA 95054 | President And Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2021-11-22 | 8,252 | $0.00 | 18,088 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2021-11-22 | 5,000 | $0.00 | 23,088 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2021-11-22 | 1,044 | $0.00 | 24,132 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-11-22 | 7,089 | $128.16 | 17,043 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2021-11-22 | 20,000 | $130.13 | 1,783,200 | No | 4 | S | Indirect | By Trust for Child 1 |
| Common Stock | Disposition | 2021-11-22 | 20,000 | $130.13 | 1,783,200 | No | 4 | S | Indirect | By Trust for Child 2 |
| Common Stock | Disposition | 2021-11-22 | 60,000 | $130.13 | 6,931,992 | No | 4 | S | Indirect | by Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Indirect | By Trust for Child 1 |
| No | 4 | S | Indirect | By Trust for Child 2 |
| No | 4 | S | Indirect | by Trust |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Unit-1 | Disposition | 2021-11-22 | 8,252 | $0.00 | 8,252 | $0.00 |
| Common Stock | Restricted Stock Unit-2 | Disposition | 2021-11-22 | 5,000 | $0.00 | 5,000 | $0.00 |
| Common Stock | Restricted Stock Unit-4 | Disposition | 2021-11-22 | 1,044 | $0.00 | 1,044 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 25,000 | No | 4 | M | Direct | ||
| 9,392 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 12,000 | Indirect | By Trust for Nephew |
| Common Stock | 12,000 | Indirect | By Trust for Niece |
Footnotes
- Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person for the benefit of the reporting person's relatives on June 13, 2021.
- 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.
- 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.
- The exercises and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2021.
- These shares are held by a family trust for which the reporting person is co-trustee.
- These shares are held in trust for the benefit of relatives 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.
- 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.
- 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.
- 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.
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