Arista (ANET) Director Daniel Scheinman Receives 538 Shares (RSU Vest)

What Happened
Daniel Scheinman, a director of Arista Networks (ANET), had 538 restricted stock units (RSUs) convert into 538 shares on August 20, 2026. The Form 4 shows an acquisition of 538 shares at $0.00 and a corresponding disposition of 538 shares at $0.00 under derivative conversion (transaction code M). No cash exercise price or open-market sale proceeds are reported.

Key Details

• Transaction date: 2026-08-20. Price recorded: $0.00 per share; total recorded value $0.00.
• Type: Exercise/conversion of derivative (RSU vesting), reported with both an acquisition and a derivative disposition of 538 shares.
• Shares owned after the transaction: Not specified in this filing.
• Footnotes: F1 explains each RSU converts to one share on vesting. F2 notes the RSUs were granted May 29, 2026; 1/4 vested on Aug 20, 2026 and the remainder vests quarterly thereafter. Based on the 1/4 vesting, the May 29 grant appears to total 2,152 RSUs (538 x 4).
• No 10b5-1 plan, tax-withholding sale, or late-filing flag is indicated in the filing.

Context
This is a routine award-vesting event (RSU conversion) rather than an open-market purchase or a sale for cash. Transaction code M indicates conversion/exercise of a derivative instrument—here, RSUs converting into common stock upon vesting. Such filings primarily document equity compensation being settled, not an independent buy/sell signal by the insider.