Form 4: Arista Networks SVP Marc Taxay Reports Stock Transactions

Arista Networks' SVP and General Counsel, Marc Taxay, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On May 20, 2024, Marc Taxay, SVP and General Counsel of Arista Networks, reported transactions involving Arista Networks common stock.
• Taxay acquired shares through the vesting of restricted stock units (RSUs).
• A total of 7,790 shares were acquired through RSU vesting at a price of $0.00.
• 3,921 shares were disposed of to cover tax withholding obligations at a price of $319.39.
• Following these transactions, Taxay directly owns 3,869 shares of Arista Networks common stock.
• Taxay also holds derivative securities in the form of restricted stock units, with varying vesting schedules.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions by a company executive, and it doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and it doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The transactions reported may have a minor impact on the total outstanding shares of Arista Networks.

Key Dates