Form 4: Arista Networks Director Converts RSUs to Stock

Arista Networks Director Daniel Scheinman converted 971 Restricted Stock Units into common stock on November 20, 2025, increasing his direct share ownership.

Summary

• Director Daniel Scheinman of Arista Networks, Inc. (ANET) converted 971 Restricted Stock Units (RSUs) into common stock on November 20, 2025.
• This transaction resulted in the acquisition of 971 shares of Arista Networks Common Stock at a price of $0.0 per share, indicating a vesting event.
• Following this conversion, Daniel Scheinman directly beneficially owns 156,250 shares of Arista Networks Common Stock.
• He also continues to directly beneficially own 1,942 Restricted Stock Units.
• The RSUs were originally granted on May 30, 2025, with 1/4th vesting on August 20, 2025, and subsequent quarterly vesting on or after February 20, May 20, August 20, or November 20.

Sentiment

Score: 6

Explanation: A director converted Restricted Stock Units into common stock, a routine compensation event that increases direct ownership, which is generally viewed as a minor positive.

Positives

• Increased direct ownership of common stock by a director, Daniel Scheinman, by 971 shares, aligning his interests further with shareholders.
• The conversion of Restricted Stock Units into common stock is a standard compensation practice, indicating the fulfillment of vesting conditions.

Future Outlook

The filing indicates that Daniel Scheinman still holds 1,942 Restricted Stock Units, which will continue to vest quarterly on or after February 20, May 20, August 20, or November 20.

Industry Context

This filing reports a routine insider compensation event (RSU conversion) for a director at Arista Networks. Such transactions are common across the technology industry as a form of executive and director compensation, aligning management incentives with long-term company performance. It does not provide broader industry trend insights.

Comparison to Industry Standards

• The RSU vesting schedule (quarterly vesting over a period) is a common compensation structure for directors and executives in the technology sector, similar to practices at companies like Cisco Systems, Juniper Networks, or Palo Alto Networks.
• The conversion price of $0.0 for RSUs is standard as they represent a right to receive shares upon vesting, not a purchase.

Related Party Transactions

• This filing details a related party transaction where Daniel Scheinman, a director of Arista Networks, Inc., converted Restricted Stock Units into common stock.

Stakeholder Impact

• Shareholders: A minor positive impact as a director's direct ownership of common stock increases, potentially signaling confidence and aligning interests.
• Employees: No direct impact on employees is indicated by this specific filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Next Steps

• Continued quarterly vesting of the remaining 1,942 Restricted Stock Units held by Daniel Scheinman on or after February 20, May 20, August 20, or November 20.

Key Dates

Keywords

Arista Networks, ANET, Form 4, Insider Trading, Stock Conversion, RSU, Restricted Stock Units, Director Ownership, Daniel Scheinman