FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

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 (MM/DD/YYYY)

11/21/2022
(Street)

SANTA CLARA, CA 95054
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 11/21/2022  M  5000 A$0.0 (1)22598 D  
Common Stock 11/21/2022  M  1040 A$0.0 (1)23638 D  
Common Stock 11/21/2022  M  11153 A$0.0 (1)34791 D  
Common Stock 11/21/2022  M  12504 A$0.0 (1)47295 D  
Common Stock 11/21/2022  F(2)  14725 D$134.61 32570 D  
Common Stock         1783200 I By Trust for Child 1 (3)
Common Stock         1783200 I By Trust for Child 2 (3)
Common Stock         12000 I By Trust for Nephew (4)
Common Stock         12000 I By Trust for Niece (4)
Common Stock         6931992 I by Trust (5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit-2 $0.0 (1)11/21/2022  M     5000   (6) (6)Common Stock 5000 $0.0 5000 D  
Restricted Stock Unit-4 $0.0 (1)11/21/2022  M     1040   (7) (7)Common Stock 1040 $0.0 5220 D  
Restricted Stock Unit-5 $0.0 (1)11/21/2022  M     11153   (8) (8)Common Stock 11153 $0.0 100348 D  
Restricted Stock Unit-6 $0.0 (1)11/21/2022  M     12504   (8) (8)Common Stock 12504 $0.0 112496 D  

Explanation of Responses:
(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) 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.
(7) 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.
(8) 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Ullal Jayshree
5453 GREAT AMERICA PARKWAY
SANTA CLARA, CA 95054
X
President and CEO

Signatures
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal11/23/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*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).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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