Arista (ANET) CEO Jayshree Ullal Exercises RSUs, Sells 13,855 Shares

What Happened

• Jayshree Ullal, Chief Executive Officer and Chairperson of Arista Networks (ANET), had restricted stock units (RSUs) convert to common shares on 2026-08-20. A total of 27,664 shares were issued on conversion. To satisfy tax withholding on the vesting, 13,855 shares were withheld/sold at $186.45 per share, producing approximately $2,583,265. The conversion is reported as a derivative exercise/conversion (code M) and the withholding/tax payment is reported under code F.

Key Details

• Transaction date: August 20, 2026; Form filed August 24, 2026 (filed within the normal two-business-day window).
• Converted (vested) shares: 27,664 shares (code M) reported as acquired at $0.00 (reflecting RSU conversion).
• Shares withheld/sold for taxes: 13,855 shares disposed at $186.45 each, proceeds ≈ $2,583,265 (code F).
• Footnotes:
  • F1: Each RSU converts to one share upon vesting.
  • F2: The 13,855 shares were withheld to satisfy tax withholding obligations on the RSU vest.
  • F6: The award vests quarterly (Feb/May/Aug/Nov) per the original grant terms, consistent with an August vest date.
  • F3–F5: Some shares referenced in the filing are held in family trusts where Ms. Ullal serves as trustee/co-trustee; she disclaims beneficial ownership of those trust shares.
• Shares owned after transaction: Not specified in the excerpt provided.

Context

• This was a routine RSU vesting and tax-withholding transaction, not an open-market buy or sale intended as an investment signal. The RSU conversion followed scheduled vesting rules (quarterly vest dates); withholding of shares for taxes is a common administrative step. No 10b5-1 plan, gift, or other special sale method was indicated in the provided data.