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

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: John F. McCool
Stock symbol
ANET
Transactions as of
May 20, 2021
Transactions value $
-$1,080,320
Form type
4
Date filed
5/24/2021, 09:12 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 +2.25K +2743.9% $0.00 2.33K May 20, 2021 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +250 +10.72% $0.00 2.58K May 20, 2021 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +188 +7.28% $0.00 2.77K May 20, 2021 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +313 +11.3% $0.00 3.08K May 20, 2021 by Trust F1, F2
transaction ANET Common Stock Options Exercise $0 +364 +11.81% $0.00 3.45K May 20, 2021 by Trust F1, F2
transaction ANET Common Stock Options Exercise $11.2K +84 +2.44% $132.75 3.53K May 20, 2021 by Trust F2, F3
transaction ANET Common Stock Tax liability -$561K -1.67K -47.32% $335.93 1.86K May 20, 2021 by Trust F2, F4
transaction ANET Common Stock Sale -$27.3K -84 -4.52% $324.48 1.78K May 20, 2021 by Trust F2, F3
transaction ANET Common Stock Sale -$503K -1.51K -85.08% $332.81 265 May 21, 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 -9.16% $0.00 833 May 20, 2021 Common Stock 84 $132.75 Direct F3, F5
transaction ANET Restricted Stock Unit-1 Options Exercise $0 -2.25K -20% $0.00 9K May 20, 2021 Common Stock 2.25K $0.00 Direct F1, F6
transaction ANET Restricted Stock Unit-2 Options Exercise $0 -250 -12.5% $0.00 1.75K May 20, 2021 Common Stock 250 $0.00 Direct F1, F7
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -188 -7.16% $0.00 2.44K May 20, 2021 Common Stock 188 $0.00 Direct F1, F8
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -313 -7.15% $0.00 4.06K May 20, 2021 Common Stock 313 $0.00 Direct F1, F9
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -364 -6.25% $0.00 5.46K May 20, 2021 Common Stock 364 $0.00 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.