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

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Stock symbol
ANET
Transactions as of
May 20, 2021
Transactions value $
-$1,152,177
Form type
4
Date filed
5/24/2021, 09:12 PM
Previous filing
May 10, 2021
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 +2.06K +392.21% $0.00 2.59K May 20, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +1.25K +48.28% $0.00 3.84K May 20, 2021 Direct F1
transaction ANET Common Stock Options Exercise $0 +262 +6.82% $0.00 4.1K May 20, 2021 Direct F1
transaction ANET Common Stock Tax liability -$596K -1.77K -43.23% $335.93 2.33K May 20, 2021 Direct F2
transaction ANET Common Stock Sale -$59.7K -180 -7.73% $331.40 2.15K May 21, 2021 Direct F3, F4
transaction ANET Common Stock Sale -$211K -634 -29.52% $332.73 1.51K May 21, 2021 Direct F3, F5
transaction ANET Common Stock Sale -$226K -676 -44.65% $333.67 838 May 21, 2021 Direct F3, F6
transaction ANET Common Stock Sale -$60.4K -180 -21.48% $335.59 658 May 21, 2021 Direct F3, F7
holding ANET Common Stock 564K May 20, 2021 By Trust for Child 1 F8
holding ANET Common Stock 564K May 20, 2021 By Trust for Child 2 F8
holding ANET Common Stock 5K May 20, 2021 By Trust for Nephew F9
holding ANET Common Stock 5K May 20, 2021 By Trust for Niece F9
holding ANET Common Stock 2.07M May 20, 2021 by Trust F10

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, F11
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, F12
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -262 -8.36% $0.00 2.87K May 20, 2021 Common Stock 262 $0.00 Direct F1, F13
* 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 The exercises 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 11, 2020.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $331.01 to $331.79, 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 $332.23 to $333.19, 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 $333.28 to $333.99, 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.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $335.35 to $335.83, 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 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.
F9 These shares are held in a trust for the benefit of a relative of the reporting person for which the reporting person serves as co-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 family trust for which the reporting person is co-trustee.
F11 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.
F12 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, and November 20 of each year.
F13 This performance stock award was granted in the first quarter of 2020 and was earned based on attainment of certain performance conditions. The award vested (25%) on February 22, 2021, and will continue to vest at a rate of 6.25% quarterly 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.