Ullal Jayshree 4
4 · Arista Networks, Inc. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Arista (ANET) CEO Jayshree Ullal Exercises Awards, Sells 13,855 Shares
What Happened
Jayshree Ullal, CEO and Chairperson of Arista Networks, had 27,664 shares convert/vest from a derivative award on May 20, 2026 (reported on Form 4). To satisfy tax withholding on the vesting, 13,855 shares were withheld/disposed at $141.58 per share for proceeds of $1,961,591. The conversion is recorded as a derivative exercise/conversion (code M) and the withholding as a tax payment (code F).
Key Details
- Transaction date: 2026-05-20; Form 4 filed 2026-05-22 (timely filing).
- Conversion/vesting: 27,664 shares acquired via exercise/conversion of derivative (code M) at $0.00 exercise price.
- Tax withholding: 13,855 shares disposed (code F) at $141.58 for $1,961,591 to satisfy tax obligations.
- Footnotes:
- F1/F6 indicate these were restricted/performance stock units that vested according to a scheduled quarterly vesting (May 20 is a scheduled vest date).
- F2 clarifies shares withheld were used to satisfy tax withholding.
- Other footnotes (F3–F5) describe certain shares held in trusts for family members where the reporting person is trustee/co-trustee and disclaims beneficial ownership.
- Shares owned after the transaction are not shown in the provided excerpt; see the full Form 4 for post-transaction holdings.
Context
This was largely a vesting of performance/restricted stock units with shares withheld to cover taxes (a routine, non-market-timing transaction). The disposal was to satisfy tax withholding rather than an open-market discretionary sale by the insider. For retail investors, purchases can be a stronger signal than routine vesting/tax withholdings; this filing reflects standard compensation mechanics rather than a directional trade.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-20+27,664→ 37,581 total - Tax Payment
Common Stock
[F2]2026-05-20$141.58/sh−13,855$1,961,591→ 23,726 total - Exercise/Conversion
Restricted Stock Unit-8
[F1][F6]2026-05-20−27,664→ 82,996 totalExercise: $0.00→ Common Stock (27,664 underlying)
- 5,209,207(indirect: By Trust)
Common Stock
[F3] - 5,209,207(indirect: By Trust)
Common Stock
[F3] - 30,000(indirect: By Trust)
Common Stock
[F4] - 30,000(indirect: By Trust)
Common Stock
[F4] - 17,482,010(indirect: By Trust)
Common Stock
[F5]
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- [F2]Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- [F3]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.
- [F4]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.
- [F5]These shares are held by a family trust for which the reporting person is co-trustee.
- [F6]This performance stock award was granted in the first quarter of 2023 and was earned based on attainment of certain performance conditions. The award vested (25%) on February 20, 2024, 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.