Battles Kelly Bodnar 4

What Happened

• Kelly Bodnar, a Director of Arista Networks (ANET), converted/settled 971 restricted stock units (RSUs) into 971 shares on May 20, 2026. The Form 4 shows an acquisition of 971 shares at $0.00 and a corresponding disposition of 971 derivative units at $0.00, indicating conversion/settlement rather than an open‑market buy or sale. No cash payment was reported for these shares.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (timely).
• Price per share reported: $0.00; total reported cash value: $0.
• Reported entries: one acquisition of 971 shares (derivative conversion) and one disposition of 971 derivative units (both coded M = exercise/conversion).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Notable footnotes: F1 clarifies each RSU is a contingent right to one share on vesting. F2 describes the RSU grant (May 30, 2025) and the quarterly vesting schedule (first trading day on/after Feb 20, May 20, Aug 20, Nov 20).

Context

• This filing reflects a conversion/settlement of RSUs upon vesting rather than a market purchase or sale. Such conversions are routine for equity awards and do not by themselves indicate a bullish or bearish view. The May 20 date aligns with the quarterly vesting schedule cited in the footnotes.