Jayshree Ullal - Jun 7, 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
President and CEO, Director
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Stock symbol
ANET
Transactions as of
Jun 7, 2021
Transactions value $
-$350,638
Form type
4
Date filed
6/9/2021, 07:38 PM
Previous filing
Jun 3, 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 $131K +1.38K +208.97% $95.51 2.03K Jun 7, 2021 Direct F1
transaction ANET Common Stock Sale -$368K -1.05K -51.65% $350.20 983 Jun 7, 2021 Direct F1, F2
transaction ANET Common Stock Sale -$108K -306 -31.13% $351.51 677 Jun 7, 2021 Direct F1, F3
transaction ANET Common Stock Sale -$6.69K -19 -2.81% $352.25 658 Jun 7, 2021 Direct F1
holding ANET Common Stock 564K Jun 7, 2021 By Trust for Child 1 F4
holding ANET Common Stock 564K Jun 7, 2021 By Trust for Child 2 F4
holding ANET Common Stock 5K Jun 7, 2021 By Trust for Nephew F5
holding ANET Common Stock 5K Jun 7, 2021 By Trust for Niece F5
holding ANET Common Stock 2.07M Jun 7, 2021 by Trust F6

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 -1.38K -11.11% $0.00 11K Jun 7, 2021 Common Stock 1.38K $95.51 Direct F1, F7
* 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 $349.75 to $350.72, 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 $351.10 to $352.01, 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 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.
F5 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.
F6 These shares are held by a family trust for which the reporting person is co-trustee.
F7 1/5th of the 82,500 shares subject to the option vested on February 6, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.