Jayshree Ullal - 01 Jun 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Issuer symbol
ANET
Transactions as of
01 Jun 2021
Net transactions value
-$609,801
Form type
4
Filing time
03 Jun 2021, 20:06:45 UTC
Previous filing
24 May 2021
Next filing
09 Jun 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $7,489 +333 +51% $22.49* 991 01 Jun 2021 Direct F1
transaction ANET Common Stock Options Exercise $93,752 +1,667 +168% $56.24 2,658 01 Jun 2021 Direct F1
transaction ANET Common Stock Options Exercise $40,781 +167 +6.3% $244.20 2,825 01 Jun 2021 Direct F1
transaction ANET Common Stock Options Exercise $47,079 +208 +7.4% $226.34 3,033 01 Jun 2021 Direct F1
transaction ANET Common Stock Sale $181,701 -542 -18% $335.24 2,491 01 Jun 2021 Direct F1, F2
transaction ANET Common Stock Sale $272,696 -811 -33% $336.25 1,680 01 Jun 2021 Direct F1, F3
transaction ANET Common Stock Sale $310,397 -921 -55% $337.02 759 01 Jun 2021 Direct F1, F4
transaction ANET Common Stock Sale $34,109 -101 -13% $337.71 658 01 Jun 2021 Direct F1
holding ANET Common Stock 564,000 01 Jun 2021 By Trust for Child 1 F5
holding ANET Common Stock 564,000 01 Jun 2021 By Trust for Child 2 F5
holding ANET Common Stock 5,000 01 Jun 2021 By Trust for Nephew F6
holding ANET Common Stock 5,000 01 Jun 2021 By Trust for Niece F6
holding ANET Common Stock 2,067,998 01 Jun 2021 by Trust F7

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 -333 -14% $0.000000 2,000 01 Jun 2021 Common Stock 333 $22.49 Direct F1, F8
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -1,667 -14% $0.000000 10,000 01 Jun 2021 Common Stock 1,667 $56.24 Direct F1, F9
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -208 -2.4% $0.000000 8,542 01 Jun 2021 Common Stock 208 $226.34 Direct F1, F10
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -167 -2.8% $0.000000 5,833 01 Jun 2021 Common Stock 167 $244.20 Direct F1, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $334.63 to $335.61, 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 $335.66 to $336.65, 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 $336.67 to $337.66, 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 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.
F6 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.
F7 These shares are held by a family trust for which the reporting person is co-trustee.
F8 1/5th of the 20,000 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.
F9 1/60th of the 100,000 shares subject to the option vested on January 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F10 1/48th of the 10,000 shares subject to the option vested on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F11 1/48th of the 8,000 shares subject to the option vested on June 1, 2020 and 1/48th of the shares subject to the option shall vest monthly thereafter.