Kelly Battles - May 20, 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
Director
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kelly Battles
Stock symbol
ANET
Transactions as of
May 20, 2021
Transactions value $
-$65,022
Form type
4
Date filed
5/24/2021, 08:25 PM
Next filing
Jun 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +255 +70.05% $0.00 619 May 20, 2021 Direct F1
transaction ANET Common Stock Sale -$9.05K -28 -4.52% $323.08 591 May 20, 2021 Direct F2, F3
transaction ANET Common Stock Sale -$16.2K -50 -8.46% $324.49 541 May 20, 2021 Direct F2, F4
transaction ANET Common Stock Sale -$32.2K -99 -18.3% $325.67 442 May 20, 2021 Direct F2, F5
transaction ANET Common Stock Sale -$7.51K -23 -5.2% $326.51 419 May 20, 2021 Direct F2, F6

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 Restricted Stock Unit-1 Options Exercise $0 -255 -100% $0.00* 0 May 20, 2021 Common Stock 255 $0.00 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
F2 The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on August 26, 2020.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $322.74 to $323.60, 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 $324.16 to $325.115, 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 $325.18 to $326.055, 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 $326.235 to $326.69, 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 reporting person was granted 1,019 RSU's on July 10, 2020. 1/4th of the shares vested on August 20, 2020 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20.