Arista Networks (NYSE: ANET) CEO’s RSUs vest as trust holds 15,988,580 shares
Rhea-AI Filing Summary
Arista Networks, Inc. (ANET) reported insider equity activity by CEO and Chairperson Jayshree Ullal. On 2026-08-20, a performance-based restricted stock unit award covering 27,664 shares of common stock vested and was exercised into common shares at a $0.00 exercise price. Of the resulting shares, 13,855 shares of common stock were withheld to satisfy tax withholding obligations at a price of $186.45 per share. The RSU position labeled "Restricted Stock Unit-8" shows 55,332 units remaining after the transaction. Additional indirect holdings are reported in multiple trusts for children and other relatives, where Ullal serves as trustee or co-trustee and in some cases disclaims beneficial ownership, as well as in a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 13,809 shares
Net Buy
8 txns
Insider
Ullal Jayshree
Role
CEO and Chairperson
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit-8 F1, F6 | 27,664 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 27,664 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 13,855 | $186.45 | $2.58M |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit-8 — 55,332 shares (Direct);
Common Stock — 23,726 shares (Direct);
Common Stock — 4,885,920 shares (Indirect, By Trust for Child 1);
Common Stock — 4,885,920 shares (Indirect, By Trust for Child 2);
Common Stock — 25,000 shares (Indirect, By Trust for Nephew);
Common Stock — 25,000 shares (Indirect, By Trust for Niece);
Common Stock — 15,988,580 shares (Indirect, by Trust)
Footnotes (6)
- 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 (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.
Key Figures
RSUs exercised: 27,664 shares
Shares withheld for taxes: 13,855 shares
Tax withholding price: $186.45 per share
+4 more
7 metrics
RSUs exercised
27,664 shares
Restricted Stock Unit-8 converted into common stock on 2026-08-20
Shares withheld for taxes
13,855 shares
Common stock withheld to satisfy tax withholding obligations on vesting
Tax withholding price
$186.45 per share
Price applied to shares withheld for tax obligations on 2026-08-20
RSUs remaining (Restricted Stock Unit-8)
55,332 units
Total restricted stock units reported following the transaction
Indirect trust holding for Child 1
4,885,920 shares
Common stock held in trust for Child 1, indirect ownership
Indirect trust holding for Nephew
25,000 shares
Common stock held in trust for the benefit of a nephew
Family trust indirect holding
15,988,580 shares
Common stock held by a family trust where Ullal is co-trustee
Key Terms
Restricted Stock Unit, performance stock award, tax withholding obligations, disclaims beneficial ownership, +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.
performance stock award financial
"This performance stock award was granted in the first quarter of 2023"
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations on the vesting"
disclaims beneficial ownership financial
"The reporting person shares voting and investment control over the shares but disclaims beneficial ownership"
co-trustee financial
"These shares are held in trust for the benefit of relatives of the reporting person for which the reporting person serves as co-trustee"
FAQ
What did ANET CEO Jayshree Ullal report in this Form 4?
Jayshree Ullal reported the vesting and exercise of 27,664 restricted stock units into Arista Networks common stock on 2026-08-20, along with share withholding to cover related tax obligations and updated indirect holdings in several trusts.
How many Arista Networks (ANET) RSUs vested for Jayshree Ullal?
A performance stock award of 27,664 restricted stock units vested, each representing a contingent right to receive one share of Arista Networks common stock upon vesting, according to the filing’s description of the award.
What RSU balance remains for Jayshree Ullal after this ANET transaction?
After the reported vesting event, the restricted stock unit position identified as "Restricted Stock Unit-8" shows 55,332 units of Arista Networks common stock remaining outstanding.
How is Jayshree Ullal’s performance stock award in ANET structured going forward?
The performance stock award was granted in the first quarter of 2023, earned based on performance conditions, vested 25% on February 20, 2024, and will continue to vest quarterly over 3 years on the first market trading day on or after February 20, May 20, August 20, and November 20.
What indirect ANET holdings are reported for Jayshree Ullal?
Indirect holdings include common stock held in trusts for children and other relatives, where she serves as trustee or co-trustee. For certain child and relative trusts she shares voting and investment control but disclaims beneficial ownership of those shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
