Marc Taxay - Jun 1, 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
SVP and General Counsel
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Marc Taxay
Stock symbol
ANET
Transactions as of
Jun 1, 2021
Transactions value $
-$503,143
Form type
4
Date filed
6/3/2021, 08:04 PM
Previous filing
May 24, 2021
Next filing
Jul 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $11.4K +167 +15.39% $68.34 1.25K Jun 1, 2021 Direct F1
transaction ANET Common Stock Options Exercise $10.8K +167 +13.34% $64.46 1.42K Jun 1, 2021 Direct F1
transaction ANET Common Stock Options Exercise $9.39K +167 +11.77% $56.24 1.59K Jun 1, 2021 Direct F1
transaction ANET Common Stock Sale -$163K -485 -30.58% $335.35 1.1K Jun 1, 2021 Direct F1, F2
transaction ANET Common Stock Sale -$169K -500 -45.41% $337.04 601 Jun 1, 2021 Direct F1, F3
transaction ANET Common Stock Sale -$204K -601 -100% $338.69 0 Jun 1, 2021 Direct F1, F4

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 -167 -10.02% $0.00 1.5K Jun 1, 2021 Common Stock 167 $56.24 Direct F1, F5
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -167 -14.31% $0.00 1K Jun 1, 2021 Common Stock 167 $64.46 Direct F1, F6
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -167 -14.31% $0.00 1K Jun 1, 2021 Common Stock 167 $68.34 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 14, 2020.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $334.88 to $335.87, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $336.67 to $337.55, 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 $338.63 to $338.97, 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 1/60th of the 10,000 shares subject to the option vested and became exercisable on April 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F6 1/5th of the 10,000 shares subject to the option vested and became exercisable on December 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F7 1/5th of the 10,000 shares subject to the option vested and became exercisable on December 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.