John F. McCool - 04 Nov 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role: Chief Platform Officer
Signature: By: Isabelle Bertin-Bailly, Attorney-in-Fact For: John F. McCool
Issuer symbol: ANET
Transactions as of: 04 Nov 2021
Net transactions value: -$2,132,533
Form type: 4
Filing time: 08 Nov 2021, 20:42:15 UTC
Previous filing: 24 Aug 2021
Next filing: 24 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANET	Common Stock	Options Exercise	$55,224	+416	+21%	$132.75	2,416	04 Nov 2021	by Trust	F1, F2
transaction	ANET	Common Stock	Options Exercise	$122,215	+500	+21%	$244.43	2,916	04 Nov 2021	by Trust	F1, F2
transaction	ANET	Common Stock	Options Exercise	$282,925	+1,250	+43%	$226.34	4,166	04 Nov 2021	by Trust	F1, F2
transaction	ANET	Common Stock	Options Exercise	$457,875	+1,875	+45%	$244.20	6,041	04 Nov 2021	by Trust	F1, F2
transaction	ANET	Common Stock	Sale	$2,004,457	-4,041	-67%	$496.03	2,000	04 Nov 2021	by Trust	F1, F2
transaction	ANET	Common Stock	Sale	$49,816	-100	-5%	$498.16	1,900	04 Nov 2021	by Trust	F1, F2
transaction	ANET	Common Stock	Sale	$50,906	-100	-5.3%	$509.06	1,800	04 Nov 2021	by Trust	F1, F2
transaction	ANET	Common Stock	Sale	$51,221	-100	-5.6%	$512.21	1,700	04 Nov 2021	by Trust	F1, F2
transaction	ANET	Common Stock	Sale	$103,568	-200	-12%	$517.84	1,500	04 Nov 2021	by Trust	F1, F2, F3
transaction	ANET	Common Stock	Sale	$52,036	-100	-6.7%	$520.36	1,400	04 Nov 2021	by Trust	F1, F2
transaction	ANET	Common Stock	Sale	$104,438	-200	-14%	$522.19	1,200	04 Nov 2021	by Trust	F1, F2, F4
transaction	ANET	Common Stock	Sale	$157,095	-300	-25%	$523.65	900	04 Nov 2021	by Trust	F1, F2, F5
transaction	ANET	Common Stock	Sale	$105,318	-200	-22%	$526.59	700	04 Nov 2021	by Trust	F1, F2, F6
transaction	ANET	Common Stock	Sale	$52,889	-100	-14%	$528.89	600	04 Nov 2021	by Trust	F1, F2
transaction	ANET	Common Stock	Sale	$159,170	-300	-50%	$530.57	300	04 Nov 2021	by Trust	F1, F2, F7
transaction	ANET	Common Stock	Sale	$159,858	-300	-100%	$532.86	0	04 Nov 2021	by Trust	F1, F2, 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	-416	-50%	$0.000000	417	04 Nov 2021	Common Stock	416	$132.75	Direct	F1, F9
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-1,250	-25%	$0.000000	3,750	04 Nov 2021	Common Stock	1,250	$226.34	Direct	F1, F10
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-1,875	-38%	$0.000000	3,125	04 Nov 2021	Common Stock	1,875	$244.20	Direct	F1, F11
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-500	-25%	$0.000000	1,500	04 Nov 2021	Common Stock	500	$244.43	Direct	F1, F12

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The exercise and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 10, 2021.
F2	These shares are held by a family trust for which the reporting person is co-trustee.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $517.61 to $518.07, 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 $521.74 to $522.64, 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 $523.06 to $523.95, 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 $526.27 to $526.91, 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 $530.33 to $531.03, 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 $532.54 to $533.19, 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 5,000 shares subject to the option vested and became exercisable on March 20, 2018 and 1/60th of the shares subject to the option shall vest each month thereafter.
F10	1/48th of the 5,000 shares subject to the option vested and became exercisable 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 5,000 shares subject to the option vested and became exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F12	1/48th of the 2,000 shares subject to the option vested and became exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.