CHEW LEWIS 4

What Happened Lewis Chew, a director of Arista Networks (ANET), recorded the exercise/conversion of 971 derivative units on May 20, 2026. The Form 4 shows 971 shares "acquired" and a matching 971 shares "disposed" under transaction code M, each at $0.00 (the filing reports $0 value, consistent with RSU vesting/conversion rather than a cash purchase or open-market sale).

Key Details

• Transaction date: 2026-05-20; Form 4 filed 2026-05-22 (timely).
• Reported entries: 971 shares acquired @ $0.00 and 971 shares disposed @ $0.00 (code M = exercise/conversion of derivative).
• Shares owned after transaction: not specified in the provided data.
• Footnotes: F1 = each RSU converts to one share upon vesting; F2 = these RSUs were granted 2025-05-30 and vest quarterly (first trading day on/after Feb 20/May 20/Aug 20/Nov 20).
• No 10b5-1 plan, tax-withholding, or open-market sale is indicated in the provided filing.

Context This filing documents a routine RSU vesting/conversion event rather than a market buy or sell. The $0.00 reporting reflects conversion of derivative units (RSUs) into stock; there is no explicit indication in the filing that shares were sold in the open market. Routine vesting events by directors are common and do not, by themselves, imply a change in insider sentiment.