Ullal Jayshree 4

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.