Kenneth Duda - May 12, 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Stock symbol
ANET
Transactions as of
May 12, 2021
Transactions value $
-$3,098,777
Form type
4
Date filed
5/14/2021, 06:41 PM
Previous filing
May 12, 2021
Next filing
May 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $77.6K +10K +1233.05% $7.76* 10.8K May 12, 2021 Direct F1
transaction ANET Common Stock Sale -$536K -1.7K -15.72% $315.46 9.11K May 12, 2021 Direct F1, F2
transaction ANET Common Stock Sale -$1.04M -3.3K -36.2% $316.30 5.81K May 12, 2021 Direct F1, F3
transaction ANET Common Stock Sale -$319K -1.01K -17.29% $317.24 4.81K May 12, 2021 Direct F1, F4
transaction ANET Common Stock Sale -$445K -1.4K -29.06% $318.35 3.41K May 12, 2021 Direct F1, F5
transaction ANET Common Stock Sale -$415K -1.3K -38.11% $319.47 2.11K May 12, 2021 Direct F1, F6
transaction ANET Common Stock Sale -$128K -400 -18.95% $320.43 1.71K May 12, 2021 Direct F1, F7
transaction ANET Common Stock Sale -$225K -700 -40.91% $321.91 1.01K May 12, 2021 Direct F1, F8
transaction ANET Common Stock Sale -$64.5K -200 -19.78% $322.74 811 May 12, 2021 Direct F1
holding ANET Common Stock 37.6K May 12, 2021 By Childrens' Trust F9
holding ANET Common Stock 29.9K May 12, 2021 By Foundation F10
holding ANET Common Stock 124K May 12, 2021 By GRAT JD F11
holding ANET Common Stock 124K May 12, 2021 By GRAT KD F12
holding ANET Common Stock 126K May 12, 2021 by Trust F13

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 -10K -10% $0.00 90K May 12, 2021 Common Stock 10K $7.76 Direct F1, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on March 12, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $314.80 to $315.78, 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 $315.82 to $316.81, 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 $316.89 to $317.81, 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 ofshares 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 $317.93 to $318.85, 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 $319.06 to $319.92, 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 $320.15 to $320.99, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $321.57 to $322.37, 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.
F9 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.
F10 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F11 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F12 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F13 These shares are held by a family trust for which the reporting person is co-trustee.
F14 1/4th of the 100,000 shares subject to the option vested and became exercisable on December 1, 2016 and 1/48th of the shares subject to the option vested each month thereafter.