Arista CEO reports RSU vesting, tax withholding
Arista Networks, Inc. CEO and Chairperson Jayshree Ullal reported multiple equity award activities on February 20, 2026.
Rhea-AI Filing Summary
Arista Networks, Inc. CEO and Chairperson Jayshree Ullal reported multiple equity award activities on February 20, 2026. Several performance-based restricted stock unit awards were exercised or converted into common stock at $0.00 per share, reflecting vesting of previously granted incentives.
The filing shows a tax-withholding disposition of 111,544 shares of common stock at $137.23 per share, used to satisfy tax obligations tied to these vestings rather than an open-market sale. After these transactions, Ullal directly held 122,729 shares of Arista common stock.
Separate lines disclose large indirect holdings in various trusts for children and relatives, and a family trust, where Ullal serves as trustee or co‑trustee. The filing notes shared voting and investment control over certain trust shares and includes disclaimers of beneficial ownership for those holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
224,356 shares exercised/converted
Exercise
17 txns
Insider
Ullal Jayshree
Role
CEO and Chairperson
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit-10 | 57,240 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit-11 | 41,224 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit-11 | 41,224 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit-7 | 20,592 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit-8 | 27,660 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit-9 | 77,640 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,592 | $0.00 | $0.00 |
| Exercise | Common Stock | 77,640 | $0.00 | $0.00 |
| Exercise | Common Stock | 27,660 | $0.00 | $0.00 |
| Exercise | Common Stock | 57,240 | $0.00 | $0.00 |
| Exercise | Common Stock | 41,224 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 111,544 | $137.23 | $15.31M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit-10 — 0 contracts (Direct);
Restricted Stock Unit-11 — 0 contracts (Direct);
Restricted Stock Unit-7 — 0 contracts (Direct);
Restricted Stock Unit-8 — 110,660 contracts (Direct);
Restricted Stock Unit-9 — 0 contracts (Direct);
Common Stock — 122,729 shares (Direct);
Common Stock — 5,383,207 shares (Indirect, By Trust for Child 1);
Common Stock — 5,383,207 shares (Indirect, By Trust for Child 2);
Common Stock — 30,000 shares (Indirect, By Trust for Nephew);
Common Stock — 30,000 shares (Indirect, By Trust for Niece);
Common Stock — 18,312,010 shares (Indirect, by Trust)
Footnotes (10)
- F1. Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F2. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F3. These shares are held in trust for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
- F4. These shares are held in trust for the benefit of relatives of the reporting person for which the reporting person serves as co-trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
- F5. These shares are held by a family trust for which the reporting person is co-trustee.
- F6. This performance stock award was granted in the first quarter of 2023 and was earned based on attainment of certain performance conditions. The award vested 1/2 on February 20, 2025, and will continue to fully vest on February 20, 2026.
- F7. This performance stock award was granted in the first quarter of 2024 and was earned based on attainment of certain performance conditions. The award vested on February 20, 2026.
- F8. This performance stock award was granted in the first quarter of 2022 and was earned based on attainment of certain performance conditions. The award vested 25% on February 21, 2023 and will continue to vest quarterly over 3 years. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
- F9. This performance stock award was granted in the first quarter of 2023 and was earned based on attainment of certain performance conditions. The award vested (25%) on February 20, 2024, and will continue to vest quarterly over 3 years. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
- F10. This performance stock award was granted in the first quarter of 2022 and was earned based on attainment of certain performance conditions. The award vested 1/2 on February 20, 2025, and will continue to fully vest on February 20, 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Arista Networks (ANET) CEO Jayshree Ullal report in this Form 4 filing?
Jayshree Ullal reported vesting and conversion of several restricted stock unit awards into Arista Networks common stock, plus a related tax-withholding share disposition. The activity reflects previously granted performance-based equity awards maturing rather than new open-market purchases or discretionary sales.
What types of equity awards are involved in this Arista Networks (ANET) Form 4?
The Form 4 centers on performance-based restricted stock unit awards that convert into one share of Arista Networks common stock upon vesting. Footnotes explain these awards were granted in earlier years, earned based on performance conditions, and vest on specified dates and quarterly schedules.
Does this Arista Networks (ANET) Form 4 indicate open-market buying or selling by Jayshree Ullal?
The reported activity reflects equity award vesting, derivative exercises, and tax-withholding share delivery, not open-market buying or discretionary selling. The only disposition code is for payment of tax liabilities, where shares are withheld rather than sold through typical exchange transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
