John F. McCool - 20 May 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
Chief Platform Officer
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: John F. McCool
Issuer symbol
ANET
Transactions as of
20 May 2021
Net transactions value
-$1,080,320
Form type
4
Filing time
24 May 2021, 21:12:12 UTC
Next filing
24 Aug 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 $0 +2,250 +2744% $0.000000 2,332 20 May 2021 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +250 +11% $0.000000 2,582 20 May 2021 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +188 +7.3% $0.000000 2,770 20 May 2021 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +313 +11% $0.000000 3,083 20 May 2021 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +364 +12% $0.000000 3,447 20 May 2021 by Trust F1, F2
transaction ANET Common Stock Options Exercise $11,151 +84 +2.4% $132.75 3,531 20 May 2021 by Trust F2, F3
transaction ANET Common Stock Tax liability $561,339 -1,671 -47% $335.93 1,860 20 May 2021 by Trust F2, F4
transaction ANET Common Stock Sale $27,256 -84 -4.5% $324.48 1,776 20 May 2021 by Trust F2, F3
transaction ANET Common Stock Sale $502,876 -1,511 -85% $332.81 265 21 May 2021 by Trust F2, 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -84 -9.2% $0.000000 833 20 May 2021 Common Stock 84 $132.75 Direct F3, F5
transaction ANET Restricted Stock Unit-1 Options Exercise $0 -2,250 -20% $0.000000 9,000 20 May 2021 Common Stock 2,250 $0.000000 Direct F1, F6
transaction ANET Restricted Stock Unit-2 Options Exercise $0 -250 -12% $0.000000 1,750 20 May 2021 Common Stock 250 $0.000000 Direct F1, F7
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -188 -7.2% $0.000000 2,437 20 May 2021 Common Stock 188 $0.000000 Direct F1, F8
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -313 -7.2% $0.000000 4,062 20 May 2021 Common Stock 313 $0.000000 Direct F1, F9
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -364 -6.3% $0.000000 5,456 20 May 2021 Common Stock 364 $0.000000 Direct F1, F10
* 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 These shares are held by a family trust for which the reporting person is co-trustee.
F3 The exercise 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 10, 2020.
F4 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F5 1/5th of the 5,000 shares subject to the option vested and became exercisable on March 20, 2018 and 1/60th of the shares subject to the option shall vest each month thereafter.
F6 1/5th of the 45,000 restricted stock unit award vested on May 20, 2018 and 1/20th of the award will vest 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 and November 20 of each year.
F7 Six and one-quarter percent (6.25%) of the 4,000 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, or November 20 of each year.
F8 Six and one-quarter percent (6.25%) of the 3,000 restricted stock units awarded vested on November 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, and November 20 of each year.
F9 Six and one-quarter percent (6.25%) of the 5,000 restricted stock units awarded vested on November 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, and November 20 of each year.
F10 Six and one-quarter percent (6.25%) of the 5,820 restricted stock units awarded vested on May 20, 2021 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, and November 20 of each year.