11/22/2024 | Press release | Distributed by Public on 11/22/2024 18:34
FORM 4
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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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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) |
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Unit-11 | $ 0 (1) | 11/20/2024 | M | 1,037 | (8) | (8) | Common Stock | 1,037 | $ 0 | 12,442 | D | ||||
Restricted Stock Unit-6 | $ 0 (1) | 11/20/2024 | M | 2,664 | (9) | (9) | Common Stock | 2,664 | $ 0 | 2,664 | D | ||||
Restricted Stock Unit-7 | $ 0 (1) | 11/20/2024 | M | 1,428 | (10) | (10) | Common Stock | 1,428 | $ 0 | 5,708 | D | ||||
Restricted Stock Unit-8 | $ 0 (1) | 11/20/2024 | M | 971 | (11) | (11) | Common Stock | 971 | $ 0 | 7,765 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Duda Kenneth 5453 GREAT AMERICA PARKWAY SANTA CLARA, CA 95054 |
X | CTO and SVP Software Eng. |
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda | 11/22/2024 |
**Signature of Reporting Person | Date |
* | 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) | These shares are held by a family trust for which the reporting person is co-trustee. |
(3) | Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units. |
(4) | These shares are held in a trust for the benefit of a Child 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 501(c) Foundation for which the reporting person and his spouse serve as co-trustee. |
(6) | Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts. |
(7) | Reporting person is the trustee of the Kenneth Duda Annuity Trusts. |
(8) | Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on on February 20, 2024 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. |
(9) | 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. |
(10) | 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. |
(11) | 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. |