Ita M. Brennan - Oct 26, 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
Senior Vice President, CFO
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Ita Brennan
Stock symbol
ANET
Transactions as of
Oct 26, 2021
Transactions value $
-$5,853,368
Form type
4
Date filed
10/28/2021, 08:07 PM
Previous filing
Aug 24, 2021
Next filing
Nov 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $765K +9K +171.99% $84.97 14.2K Oct 26, 2021 Direct F1
transaction ANET Common Stock Options Exercise $566K +8.78K +61.72% $64.46 23K Oct 26, 2021 Direct F1
transaction ANET Common Stock Sale -$1.73M -4.33K -18.79% $400.43 18.7K Oct 26, 2021 Direct F1, F2
transaction ANET Common Stock Sale -$281K -700 -3.74% $401.67 18K Oct 26, 2021 Direct F1, F3
transaction ANET Common Stock Sale -$443K -1.1K -6.11% $403.00 16.9K Oct 26, 2021 Direct F1, F4
transaction ANET Common Stock Sale -$887K -2.2K -13% $404.13 14.7K Oct 26, 2021 Direct F1, F5
transaction ANET Common Stock Sale -$1.05M -2.6K -17.66% $404.94 12.1K Oct 26, 2021 Direct F1, F6
transaction ANET Common Stock Sale -$1.96M -4.82K -39.84% $405.91 7.28K Oct 26, 2021 Direct F1, F7
transaction ANET Common Stock Sale -$833K -2.05K -28.12% $406.84 5.23K Oct 26, 2021 Direct F1, 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 -8.78K -87.84% $0.00 1.22K Oct 26, 2021 Common Stock 8.78K $64.46 Direct F1, F9
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -9K -100% $0.00* 0 Oct 26, 2021 Common Stock 9K $84.97 Direct F1, F10
* 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 June 11, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $400.16 to $400.78, 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 $401.19 to $402.00, 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 $402.41 to $403.35, 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 $403.41 to $404.40, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $404.46 to $405.45, 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.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $405.46 to $406.42, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $406.46 to $407.245, 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.
F9 1/5th of the 10,000 shares subject to the option vest on December 1, 2017 and 1/60th of the shares subject to the option shall vest each month thereafter.
F10 1/5th of the 25,000 shares subject to the option vest on May 18, 2016 and 1/60th of the shares subject to the option shall vest each month thereafter.