Jayshree Ullal - 06 May 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role: President and CEO, Director
Signature: By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Issuer symbol: ANET
Transactions as of: 06 May 2021
Net transactions value: -$311,367
Form type: 4
Filing time: 10 May 2021, 19:09:16 UTC
Next filing: 24 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANET	Common Stock	Options Exercise	$131,326	+1,375	+261%	$95.51	1,901	06 May 2021	Direct	F1
transaction	ANET	Common Stock	Sale	$66,842	-210	-11%	$318.30	1,691	06 May 2021	Direct	F1, F2
transaction	ANET	Common Stock	Sale	$67,068	-210	-12%	$319.37	1,481	06 May 2021	Direct	F1, F3
transaction	ANET	Common Stock	Sale	$93,181	-290	-20%	$321.31	1,191	06 May 2021	Direct	F1, F4
transaction	ANET	Common Stock	Sale	$108,376	-336	-28%	$322.55	855	06 May 2021	Direct	F1, F5
transaction	ANET	Common Stock	Sale	$48,716	-150	-18%	$324.78	705	06 May 2021	Direct	F1, F6
transaction	ANET	Common Stock	Sale	$58,510	-179	-25%	$326.87	526	06 May 2021	Direct	F1, F7
holding	ANET	Common Stock						564,000	06 May 2021	By Trust for Child 1	F8
holding	ANET	Common Stock						564,000	06 May 2021	By Trust for Child 2	F8
holding	ANET	Common Stock						5,000	06 May 2021	By Trust for Nephew	F9
holding	ANET	Common Stock						5,000	06 May 2021	By Trust for Niece	F9
holding	ANET	Common Stock						2,067,998	06 May 2021	by Trust	F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-1,375	-10%	$0.000000	12,375	06 May 2021	Common Stock	1,375	$95.51	Direct	F1, F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The exercises and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 11, 2020.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $317.99 to $318.90, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $318.99 to $319.71, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $320.77 to $321.61, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $322.08 to $323.03, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $324.33 to $325.19, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $326.41 to $327.25, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8	These shares are held in a 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.
F9	These shares are held in a trust for the benefit of a relative 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.
F10	These shares are held by a family trust for which the reporting person is co-trustee.
F11	1/5th of the 82,500 shares subject to the option vested on February 6, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.