Arista Networks (ANET) CEO Ullal details RSU vesting, tax withholding and large trust holdings
Rhea-AI Filing Summary
Arista Networks, Inc. CEO and Chairperson Jayshree Ullal reported routine equity compensation activity involving restricted stock units that vested into common stock. She acquired 27,664 shares of common stock through the exercise of restricted stock units and, on the same date, 13,855 shares were withheld to cover tax obligations, leaving 23,726 shares held directly afterward.
The filing also lists large indirect holdings in various trusts. A family trust associated with Ullal holds 17,482,010 shares. Additional trusts for the benefit of her children and relatives hold several million more shares; she serves as trustee or co‑trustee for these and disclaims beneficial ownership of those trust-held shares.
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 | 27,664 | $0.00 | $0.00 |
| Exercise | Common Stock | 27,664 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 13,855 | $141.58 | $1.96M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit-8 — 82,996 shares (Direct);
Common Stock — 23,726 shares (Direct);
Common Stock — 5,209,207 shares (Indirect, By Trust for Child 1);
Common Stock — 5,209,207 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 — 17,482,010 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
Shares acquired via RSU exercise: 27,664 shares
Shares withheld for taxes: 13,855 shares
Direct holdings after transactions: 23,726 shares
+5 more
8 metrics
Shares acquired via RSU exercise
27,664 shares
Common stock from restricted stock unit conversion on 2026-05-20
Shares withheld for taxes
13,855 shares
Common stock withheld to satisfy tax obligations on 2026-05-20
Direct holdings after transactions
23,726 shares
Common stock directly held following Form 4 transactions
Remaining RSUs after transaction
82,996 units
Restricted Stock Unit-8 balance after conversion activity
Family trust holdings
17,482,010 shares
Common stock held by a family trust with Ullal as co‑trustee
Trust for Child 1 holdings
5,209,207 shares
Common stock held in trust for Child 1; beneficial ownership disclaimed
Trust for Child 2 holdings
5,209,207 shares
Common stock held in trust for Child 2; beneficial ownership disclaimed
Trusts for niece and nephew
30,000 shares each
Common stock held in separate trusts for niece and nephew; beneficial ownership disclaimed
Key Terms
restricted stock unit, tax withholding obligations, beneficial ownership, performance stock award, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting."
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.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units."
beneficial ownership financial
"The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
performance stock award financial
"This performance stock award was granted in the first quarter of 2023 and was earned based on attainment of certain performance conditions."
vesting financial
"The award vested (25%) on February 20, 2024, and will continue to vest quarterly over 3 years."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity transactions did Arista Networks (ANET) CEO Jayshree Ullal report?
Jayshree Ullal reported routine equity compensation activity. She acquired 27,664 Arista Networks common shares from restricted stock units, with 13,855 shares withheld for taxes, resulting in 23,726 shares held directly after the transactions.
What indirect Arista Networks (ANET) holdings are associated with Jayshree Ullal’s family trusts?
A family trust associated with Jayshree Ullal holds 17,482,010 Arista Networks shares. Additional trusts for her children and relatives hold several million shares; she serves as trustee or co‑trustee and, for some trusts, disclaims beneficial ownership.
How do restricted stock units work in Jayshree Ullal’s Arista Networks (ANET) award?
Each restricted stock unit represents a contingent right to receive one Arista Networks share upon vesting. A performance stock award granted in early 2023 vests 25% on February 20, 2024, then continues to vest quarterly over three years on specified trading days.
Is there any open-market buying or selling by Jayshree Ullal in this Arista Networks (ANET) Form 4?
The Form 4 shows derivative exercises and tax withholding dispositions but no open-market purchases or sales. Activity relates to restricted stock unit vesting and associated tax withholding, which are standard components of equity compensation.