Arista (ANET) Director Mark B. Templeton Receives 538 Shares via RSU Vest

What Happened

• Mark B. Templeton, a director of Arista Networks (ANET), had 538 restricted stock units (RSUs) vest and converted into 538 shares on August 20, 2026. The Form 4 shows an "acquired" entry for 538 shares at $0.00 and a corresponding "disposed" (derivative extinguished) entry for 538 shares at $0.00 — indicating RSUs converted into common stock with no cash paid or received.
• This was not a purchase or sale of stock on the open market; it was an award vesting/derivative conversion (neutral from a cash-flow trading perspective).

Key Details

• Transaction date: 2026-08-20 (reported on the Form 4 filed 2026-08-24).
• Entries: 538 shares acquired via conversion @ $0.00; 538 derivative units disposed/terminated @ $0.00.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 explains each RSU converts to one share upon vesting; F2 notes the resulting shares are held in a trust for which the reporting person’s spouse is trustee; F3 describes the RSU grant (granted 5/29/2026; 1/4 vested 8/20/2026 and will continue to vest quarterly).
• Filing timing: Form 4 filed 2026-08-24 reporting the 8/20 transaction.

Context

• RSU vesting is an administrative issuance of shares to insiders and does not signal an open‑market buy or sell. The paired "acquired" and "disposed" derivative lines reflect conversion of the RSU award into common stock (the RSU right was extinguished when the shares were issued).
• Because the shares are held in a trust (spouse as trustee), control/ownership mechanics differ from direct holdings; this is a common estate/holding arrangement and not a market sale.