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

Role
Chief Development Officer, Director, 10%+ Owner
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Andreas Bechtolsheim
Stock symbol
ANET
Transactions as of
May 20, 2021
Transactions value $
-$536,144
Form type
4
Date filed
5/24/2021, 09:11 PM
Next filing
Aug 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +2.06K +12.19% $0.00 19K May 20, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +1.25K +6.58% $0.00 20.2K May 20, 2021 Direct F1
transaction ANET Common Stock Tax liability -$536K -1.6K -7.88% $335.93 18.6K May 20, 2021 Direct F2
holding ANET Common Stock 12.5M May 20, 2021 by Trust F3

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 -2.06K -33.34% $0.00 4.13K May 20, 2021 Common Stock 2.06K $0.00 Direct F1, F4
transaction ANET Restricted Stock Unit-2 Options Exercise $0 -1.25K -12.5% $0.00 8.75K May 20, 2021 Common Stock 1.25K $0.00 Direct F1, F5
* 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 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F3 These shares are held by a family trust for which the reporting person is a trustee.
F4 Five percent (5%) of the 41,250 restricted stock units awarded vested on February 20, 2017 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 of each year.
F5 Six and one-quarter percent (6.25%) of the 20,000 restricted stock units awarded vested on May 20, 2019 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, November 20 of each year.