Jayshree Ullal - Aug 2, 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
Aug 2, 2021
Transactions value $
-$708,810
Form type
4
Date filed
8/4/2021, 06:17 PM
Previous filing
Jul 12, 2021
Next filing
Aug 11, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $7.51K +334 +50.76% $22.49* 992 Aug 2, 2021 Direct F1
transaction ANET Common Stock Options Exercise $93.7K +1.67K +167.94% $56.24 2.66K Aug 2, 2021 Direct F1
transaction ANET Common Stock Options Exercise $40.8K +167 +6.28% $244.20 2.83K Aug 2, 2021 Direct F1
transaction ANET Common Stock Options Exercise $47.1K +208 +7.36% $226.34 3.03K Aug 2, 2021 Direct F1
transaction ANET Common Stock Sale -$56.8K -151 -4.98% $376.34 2.88K Aug 2, 2021 Direct F1, F2
transaction ANET Common Stock Sale -$245K -651 -22.59% $377.01 2.23K Aug 2, 2021 Direct F1, F3
transaction ANET Common Stock Sale -$340K -899 -40.3% $377.94 1.33K Aug 2, 2021 Direct F1, F4
transaction ANET Common Stock Sale -$164K -434 -32.58% $378.93 898 Aug 2, 2021 Direct F1, F5
transaction ANET Common Stock Sale -$80K -210 -23.39% $380.76 688 Aug 2, 2021 Direct F1, F6
transaction ANET Common Stock Sale -$11.4K -30 -4.36% $381.10 658 Aug 2, 2021 Direct F1, F7
holding ANET Common Stock 564K Aug 2, 2021 By Trust for Child 1 F8
holding ANET Common Stock 564K Aug 2, 2021 By Trust for Child 2 F8
holding ANET Common Stock 5K Aug 2, 2021 By Trust for Nephew F9
holding ANET Common Stock 5K Aug 2, 2021 By Trust for Niece F9
holding ANET Common Stock 2.07M Aug 2, 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -334 -20.04% $0.00 1.33K Aug 2, 2021 Common Stock 334 $22.49 Direct F1, F11
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -1.67K -19.99% $0.00 6.67K Aug 2, 2021 Common Stock 1.67K $56.24 Direct F1, F12
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -208 -2.5% $0.00 8.13K Aug 2, 2021 Common Stock 208 $226.34 Direct F1, F13
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -167 -2.95% $0.00 5.5K Aug 2, 2021 Common Stock 167 $244.20 Direct F1, F14
* 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 $375.57 to $376.56, 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 $376.59 to $377.58, 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 $377.59 to $378.56, 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 $378.61 to $379.45, 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 $380.10 to $380.87, 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.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $381.10 to $381.11, 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 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.
F12 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.
F13 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.
F14 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.