Arista Networks (ANET) director converts 971 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arista Networks director Charles H. Giancarlo reported routine equity compensation activity involving restricted stock units (RSUs). On May 20, 2026, RSUs covering 971 shares of Arista Networks common stock were exercised at $0.00 per share, converting into the same number of common shares held directly.
After this transaction, Giancarlo holds 971 common shares directly and 208,333 common shares indirectly through a family trust for which he serves as co‑trustee. A footnote explains that each RSU represents a right to receive one share upon vesting and describes a quarterly vesting schedule beginning in 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
971 shares exercised/converted
Mixed
3 txns
Insider
Giancarlo Charles H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit-6 | 971 | $0.00 | -- |
| Exercise | Common Stock | 971 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit-6 — 0 shares (Direct, null);
Common Stock — 971 shares (Direct, null);
Common Stock — 208,333 shares (Indirect, by Trust)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. These shares are held by a family trust for which the reporting person is co-trustee. The reporting person was granted RSUs on May 30, 2025. 1/4th of the shares vest on August 20, 2025 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20.
Key Figures
RSUs exercised: 971 shares
Exercise price: $0.00 per share
Direct holdings after transaction: 971 shares
+3 more
6 metrics
RSUs exercised
971 shares
Restricted stock units converted to common stock on May 20, 2026
Exercise price
$0.00 per share
Price per share for RSU conversion to common stock
Direct holdings after transaction
971 shares
Arista Networks common stock held directly by Giancarlo
Indirect holdings via trust
208,333 shares
Common stock held indirectly by family trust where Giancarlo is co‑trustee
RSU grant date
May 30, 2025
Grant date of RSUs described in the footnote
Initial vest date
August 20, 2025
One quarter of RSU shares scheduled to vest on this date
Key Terms
Restricted Stock Unit, family trust, co-trustee, quarterly vest date, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
family trust financial
"These shares are held by a family trust for which the reporting person is co-trustee."
co-trustee financial
"These shares are held by a family trust for which the reporting person is co-trustee."
quarterly vest date financial
"A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did Charles H. Giancarlo report at Arista Networks (ANET)?
Charles H. Giancarlo reported an RSU-related transaction converting 971 restricted stock units into 971 shares of Arista Networks common stock. This was recorded as an exercise of a derivative security, not an open-market purchase or sale.
Was the Arista Networks (ANET) Form 4 a buy or sell by Charles H. Giancarlo?
The Form 4 reflects an exercise of restricted stock units, categorized as an acquisition via derivative exercise. There were no open-market purchases or sales reported, only the conversion of 971 RSUs into common stock at an exercise price of $0.00 per share.
What are the terms of Charles H. Giancarlo’s Arista Networks (ANET) RSU grant?
A footnote states Giancarlo was granted RSUs on May 30, 2025. One quarter of the shares vest on August 20, 2025, with additional portions vesting on each quarterly vest date thereafter, which falls on the first trading day on or after February 20, May 20, August 20, or November 20.
How many RSUs did Charles H. Giancarlo exercise in this Arista Networks (ANET) filing?
He exercised 971 restricted stock units, each representing a contingent right to receive one share of Arista Networks common stock. Following this exercise, the RSU line in the filing shows zero units remaining associated with this particular RSU entry.
How are Charles H. Giancarlo’s indirect Arista Networks (ANET) holdings structured?
The filing shows 208,333 Arista Networks common shares held indirectly “by Trust.” A footnote clarifies these shares are held by a family trust for which Giancarlo serves as co‑trustee, indicating they are recorded as indirect beneficial ownership.