Arista Networks Inc.

11/22/2024 | Press release | Distributed by Public on 11/22/2024 18:34

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Ullal Jayshree
2. Issuer Name and Ticker or Trading Symbol
Arista Networks, Inc. [ANET]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
5453 GREAT AMERICA PARKWAY
3. Date of Earliest Transaction (Month/Day/Year)
11/20/2024
(Street)
SANTA CLARA, CA 95054
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/20/2024 M 11,154 A $ 0 (1) 28,835 D
Common Stock 11/20/2024 M 12,504 A $ 0 (1) 41,339 D
Common Stock 11/20/2024 M 5,150 A $ 0 (1) 46,489 D
Common Stock 11/20/2024 M 6,915 A $ 0 (1) 53,404 D
Common Stock 11/20/2024 F(2) 17,964 D $381.71 35,440 D
Common Stock 1,595,800 I By Trust for Child 1(3)
Common Stock 1,595,800 I By Trust for Child 2(3)
Common Stock 10,000 I By Trust for Nephew(4)
Common Stock 10,000 I By Trust for Niece(4)
Common Stock 6,357,492 I by Trust(5)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit-5 $ 0 (1) 11/20/2024 M 11,154 (6) (6) Common Stock 11,154 $ 0 11,147 D
Restricted Stock Unit-6 $ 0 (1) 11/20/2024 M 12,504 (6) (6) Common Stock 12,504 $ 0 12,496 D
Restricted Stock Unit-7 $ 0 (1) 11/20/2024 M 5,150 (7) (7) Common Stock 5,150 $ 0 25,744 D
Restricted Stock Unit-8 $ 0 (1) 11/20/2024 M 6,915 (8) (8) Common Stock 6,915 $ 0 62,242 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ullal Jayshree
5453 GREAT AMERICA PARKWAY
SANTA CLARA, CA 95054
X President and CEO

Signatures

By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal 11/22/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
(2) Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
(3) 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.
(4) 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.
(5) These shares are held by a family trust for which the reporting person is co-trustee.
(6) This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vested (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) This performance stock award was granted in the first quarter of 2022 and was earned based on attainment of certain performance conditions. The award vested 25% on February 21, 2023 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) This performance stock award was granted in the first quarter of 2023 and was earned based on attainment of certain performance conditions. The award vested (25%) on February 20, 2024, 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.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.