Arista Networks (NYSE: ANET) insider now holds 31,770 shares
Rhea-AI Filing Summary
Arista Networks, Inc. (ANET) reported a Form 4 for director Lewis Chew showing the vesting and conversion of restricted stock units into common stock. On August 20, 2026, 538 RSUs (each representing a contingent right to one share of common stock) were exercised and converted into 538 shares of common stock at a $0.00 exercise price. Following this transaction, Chew directly held 31,770 shares of Arista common stock and 1,615 RSUs. The RSUs were granted on May 29, 2026, with one quarter of the shares vesting on August 20, 2026 and the remainder scheduled to vest on subsequent quarterly vest dates.
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Insider Trade Summary
Net Buyer: 538 shares
Net Buy
2 txns
Insider
CHEW LEWIS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit-6 F1, F2 | 538 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 538 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit-6 — 1,615 shares (Direct);
Common Stock — 31,770 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F2. The reporting person was granted RSUs on May 29, 2026. 1/4th of the shares vest on August 20, 2026 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: 538 shares
Exercise price: $0.00 per share
Common stock holdings after transaction: 31,770 shares
+3 more
6 metrics
RSUs exercised
538 shares
Restricted Stock Units converted to common stock on August 20, 2026
Exercise price
$0.00 per share
RSU-to-common stock conversion on August 20, 2026
Common stock holdings after transaction
31,770 shares
Direct ownership by Lewis Chew after August 20, 2026 transactions
RSU holdings after transaction
1,615 units
Restricted stock units remaining after the reported RSU conversion
RSU grant date
May 29, 2026
Grant date of the RSUs subject to quarterly vesting
Initial vesting fraction
1/4 of shares
Portion of the RSU grant vesting on August 20, 2026
Key Terms
Restricted Stock Unit, contingent right, quarterly vest date, derivative security
4 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.
contingent right financial
"represents a contingent right to receive one share of Arista Networks, Inc."
quarterly vest date financial
"will continue to vest at the same rate on each quarterly vest date thereafter"
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 Lewis Chew report for Arista Networks (ANET)?
Lewis Chew reported the exercise of 538 restricted stock units into 538 shares of Arista Networks, Inc. common stock on August 20, 2026, via a derivative exercise/conversion transaction coded “M.”
What was the price for the RSU conversion reported for ANET?
The 538 restricted stock units converted into common stock at an exercise price of $0.00 per share, reflecting the nature of RSUs as equity awards rather than market purchases.
What is the vesting schedule of Lewis Chew’s RSUs at Arista Networks (ANET)?
Lewis Chew was granted RSUs on May 29, 2026. 1/4 of the shares vest on August 20, 2026, and the remaining RSUs continue to vest at the same rate on each quarterly vest date thereafter, defined as the first market trading day on or after February 20, May 20, August 20, or November 20.
Were Lewis Chew’s ANET transactions under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
