Kenneth Duda - Nov 10, 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Stock symbol
ANET
Transactions as of
Nov 10, 2021
Transactions value $
-$56,542
Form type
4
Date filed
11/12/2021, 08:27 PM
Previous filing
Oct 13, 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 Sale -$20.2K -38 -0.07% $532.52 57.1K Nov 10, 2021 By Foundation F1, F2, F3
transaction ANET Common Stock Sale -$33.6K -63 -0.11% $533.83 57K Nov 10, 2021 By Foundation F1, F3, F4
transaction ANET Common Stock Sale -$2.67K -5 -0.01% $534.98 57K Nov 10, 2021 By Foundation F1, F3, F5
holding ANET Common Stock 141K Nov 10, 2021 By GRAT JD F6
holding ANET Common Stock 141K Nov 10, 2021 By GRAT KD F7
holding ANET Common Stock 38.2K Nov 10, 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 -10K -25% $0.00 30K Nov 10, 2021 Common Stock 10K $7.76 Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on December 14, 2020 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $531.96 to $532.93, 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 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $533.23 to $534.09, 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 $534.59 to $535.46, 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 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F7 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F8 These shares are held by a family trust for which the reporting person is co-trustee.
F9 The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on March 12, 2021.
F10 1/4th of the 100,000 shares subject to the option vested and became exercisable on December 1, 2016 and 1/48th of the shares subject to the option vested each month thereafter.