Jayshree Ullal - Jul 1, 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
Jul 1, 2021
Transactions value $
-$675,617
Form type
4
Date filed
7/6/2021, 07:47 PM
Previous filing
Jun 9, 2021
Next filing
Jul 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $7.49K +333 +50.61% $22.49* 991 Jul 1, 2021 Direct F1
transaction ANET Common Stock Options Exercise $93.8K +1.67K +168.21% $56.24 2.66K Jul 1, 2021 Direct F1
transaction ANET Common Stock Options Exercise $40.5K +166 +6.25% $244.20 2.82K Jul 1, 2021 Direct F1
transaction ANET Common Stock Options Exercise $47.3K +209 +7.4% $226.34 3.03K Jul 1, 2021 Direct F1
transaction ANET Common Stock Sale -$36.2K -100 -3.3% $361.65 2.93K Jul 1, 2021 Direct F1
transaction ANET Common Stock Sale -$293K -807 -27.51% $363.26 2.13K Jul 1, 2021 Direct F1, F2
transaction ANET Common Stock Sale -$305K -837 -39.37% $364.06 1.29K Jul 1, 2021 Direct F1, F3
transaction ANET Common Stock Sale -$142K -390 -30.26% $365.12 899 Jul 1, 2021 Direct F1, F4
transaction ANET Common Stock Sale -$88.3K -241 -26.81% $366.28 658 Jul 1, 2021 Direct F1, F5
holding ANET Common Stock 564K Jul 1, 2021 By Trust for Child 1 F6
holding ANET Common Stock 564K Jul 1, 2021 By Trust for Child 2 F6
holding ANET Common Stock 5K Jul 1, 2021 By Trust for Nephew F7
holding ANET Common Stock 5K Jul 1, 2021 By Trust for Niece F7
holding ANET Common Stock 2.07M Jul 1, 2021 by Trust F8

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 -16.65% $0.00 1.67K Jul 1, 2021 Common Stock 333 $22.49 Direct F1, F9
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -1.67K -16.67% $0.00 8.33K Jul 1, 2021 Common Stock 1.67K $56.24 Direct F1, F10
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -209 -2.45% $0.00 8.33K Jul 1, 2021 Common Stock 209 $226.34 Direct F1, F11
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -166 -2.85% $0.00 5.67K Jul 1, 2021 Common Stock 166 $244.20 Direct F1, F12
* 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 $362.74 to $363.72, 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 $363.74 to $364.49, 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 $364.74 to $365.60, 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 $366.13 to $366.40, 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 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.
F7 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.
F8 These shares are held by a family trust for which the reporting person is co-trustee.
F9 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.
F10 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.
F11 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.
F12 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.