Form 4: Arista Networks Director Exercises Stock Options
SEC Form 4 Filing
Director Daniel Scheinman exercised stock options for 372 shares of Arista Networks (ANET) on May 20, 2024, according to a Form 4 filing.
Summary
- On May 20, 2024, Daniel Scheinman, a director of Arista Networks, Inc. (ANET), exercised restricted stock units.
- This transaction involved the acquisition of 372 shares of common stock at a price of $0.0.
- Following the transaction, Scheinman directly owns 38,732 shares of Arista Networks common stock.
- The restricted stock units were granted on June 14, 2023, and vest quarterly.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common among publicly traded companies. It provides transparency into the trading activities of company directors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it represents a small portion of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| June 14, 2023 | Date the reporting person was granted RSUs |
| August 20, 2023 | 1/4th of the shares vest on this date |
| February 20, 2024 | Quarterly vest date |
| May 20, 2024 | Date of transaction (exercise of stock options) |
| May 20, 2024 | Quarterly vest date |
| August 20, 2024 | Quarterly vest date |
| November 20, 2024 | Quarterly vest date |
| May 22, 2024 | Date of Form 4 filing |
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