Arista Networks (NYSE: ANET) director converts 971 RSUs to stock

Rhea-AI Filing Summary

Arista Networks director Mark B. Templeton exercised restricted stock units into common stock. On February 20, 2026 he converted 971 RSUs into 971 shares of Arista Networks common stock at a stated price of $0.00 per share.

After this conversion, his direct ownership increased to 56,901 common shares. The filing also reports 75,200 common shares held indirectly by his spouse as trustee of a trust. Each RSU represents the right to receive one share upon vesting under a quarterly vesting schedule that began in 2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TEMPLETON MARK B

(Last) (First) (Middle)

5453 GREAT AMERICA PARKWAY

(Street)

SANTA CLARA CA 95054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Arista Networks, Inc. [ ANET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/20/2026		M		971	A	$0.0(1)	56,901	D
Common Stock								75,200	I	by Spouse(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit-7	$0.0(1)	02/20/2026		M			971	(3)	(3)	Common Stock	971	$0.0	971	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.

2. These shares are held in a trust for which the reporting person's spouse serves as trustee.

3. 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.

	By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Mark Templeton	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Arista Networks (ANET) disclose for Mark B. Templeton?

Arista Networks reported that director Mark B. Templeton converted 971 restricted stock units into 971 shares of common stock. The transaction was an exercise of equity awards at a stated price of $0.00 per share, increasing his direct share ownership.

How many Arista Networks (ANET) shares does Mark B. Templeton own after this Form 4?

Following the RSU conversion, Mark B. Templeton directly owns 56,901 shares of Arista Networks common stock. The filing also notes 75,200 additional shares held indirectly by his spouse as trustee of a trust, reflecting separate indirect beneficial ownership.

What type of securities did Mark B. Templeton convert in this Arista Networks (ANET) Form 4?

The filing shows Templeton converted restricted stock units, each representing a contingent right to receive one Arista Networks common share upon vesting. On February 20, 2026, 971 RSUs vested and were exchanged into 971 shares of common stock at no stated purchase price.

How do the Arista Networks (ANET) RSUs held by Mark B. Templeton vest over time?

Templeton’s RSUs were granted on May 30, 2025. One quarter of the shares vest on August 20, 2025, with additional portions vesting on the first market trading day on or after February 20, May 20, August 20, and November 20 each year.

What indirect Arista Networks (ANET) holdings are reported for Mark B. Templeton?

The Form 4 discloses 75,200 Arista Networks common shares held indirectly by Templeton’s spouse, acting as trustee of a trust. These shares are reported as indirect beneficial ownership, separate from his directly held 56,901 shares after the RSU conversion.

Was the Arista Networks (ANET) Form 4 transaction an open-market purchase or sale?

The transaction was not an open-market trade. It reflects the exercise or conversion of 971 restricted stock units into an equal number of Arista Networks common shares at a stated price of $0.00, increasing Mark B. Templeton’s direct equity ownership through vesting.