Arista (ANET) Director Robert Lavender Receives 538 Shares via RSU Vesting

What Happened

• Robert G. Lavender, a director of Arista Networks, had restricted stock units (RSUs) vest and be converted into common stock. The filing reports an exercise/conversion (code M) for 538 shares acquired at $0.00 on 2026-08-20.
• The Form 4 also records a corresponding derivative "Disposed" entry for 538 shares at $0.00 on the same date. The filing does not specify the reason for the disposition (e.g., administrative transfer or withholding).

Key Details

• Transaction date: August 20, 2026
• Report filed: August 24, 2026 (timely within Form 4 reporting deadlines)
• Acquired: 538 shares via exercise/conversion of a derivative security (price reported $0.00)
• Disposed: 538 shares (derivative) also reported at $0.00 on the same date
• Shares owned after the transaction: not specified in the provided filing details
• Footnotes: F1 clarifies each RSU converts to one share upon vesting. F2 notes these RSUs were granted May 29, 2026, with 1/4 vesting on Aug 20, 2026 and continuing quarterly thereafter.

Context

• This is a vesting/conversion of RSUs (compensation-related), not an open-market purchase or sale of stock. Such transactions commonly reflect scheduled compensation vesting rather than an independent trading decision.
• The derivative code M indicates an exercise/conversion of a derivative security (here, RSUs converting into shares). The paired disposed entry is reported but the filing gives no additional detail (so don’t assume a sale for cash).