Scheinman Daniel 4

What Happened Daniel Scheinman, a director of Arista Networks, had 971 restricted stock units (RSUs) convert into 971 shares on May 20, 2026. The Form 4 reports an "exercise/conversion of derivative" (code M) showing 971 shares acquired at $0.00 and a simultaneous disposition of 971 derivative units at $0.00 — i.e., RSUs vested and were converted to common stock. No cash purchase or open‑market sale of shares is reported.

Key Details

• Transaction date: May 20, 2026 (reported on Form 4 filed May 22, 2026).
• Type: Exercise/conversion of derivative (code M) — 971 shares acquired @ $0.00; 971 derivative units disposed @ $0.00.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 clarifies each RSU converts to one share upon vesting. F2 notes these RSUs were granted May 30, 2025 and vest quarterly (Feb/May/Aug/Nov 20 or next trading day).
• Timeliness: Filed two days after the transaction date; appears to be timely (not late).

Context This was a vesting/conversion of previously granted RSUs rather than a market purchase or sale. The filing shows no immediate sale of the resulting shares, so it does not signal a sale-based liquidity event. For retail investors, RSU conversions are routine compensation vesting for insiders and are different from purchases (which can be a stronger bullish signal).