Andreas Bechtolsheim - 22 Nov 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Andreas Bechtolsheim
Issuer symbol
ANET
Transactions as of
22 Nov 2021
Net transactions value
-$25,555,961
Form type
4
Filing time
24 Nov 2021, 17:49:10 UTC
Previous filing
09 Sep 2021
Next filing
26 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +8,252 +10% $0.000000 89,720 22 Nov 2021 Direct F1, F2
transaction ANET Common Stock Options Exercise $0 +5,000 +5.6% $0.000000 94,720 22 Nov 2021 Direct F1
transaction ANET Common Stock Tax liability $806,255 -6,291 -6.6% $128.16 88,429 22 Nov 2021 Direct F3
transaction ANET Common Stock Options Exercise $22,490 +4,000 +4.5% $5.62* 92,429 22 Nov 2021 Direct F4
transaction ANET Common Stock Options Exercise $633,346 +66,668 +72% $9.50* 159,097 22 Nov 2021 Direct F4
transaction ANET Common Stock Options Exercise $281,200 +20,000 +13% $14.06* 179,097 22 Nov 2021 Direct F4
transaction ANET Common Stock Options Exercise $222,825 +9,332 +5.2% $23.88* 188,429 22 Nov 2021 Direct F4
transaction ANET Common Stock Sale $4,643,387 -36,106 -19% $128.60 152,323 22 Nov 2021 Direct F4, F5
transaction ANET Common Stock Sale $4,796,019 -37,081 -24% $129.34 115,242 22 Nov 2021 Direct F4, F6
transaction ANET Common Stock Sale $1,232,544 -9,444 -8.2% $130.51 105,798 22 Nov 2021 Direct F4, F7
transaction ANET Common Stock Sale $2,283,047 -17,369 -16% $131.44 88,429 22 Nov 2021 Direct F4, F8
transaction ANET Common Stock Sale $4,660,658 -36,241 -0.07% $128.60 48,683,759 22 Nov 2021 by Trust F4, F5, F9
transaction ANET Common Stock Sale $4,736,774 -36,625 -0.08% $129.33 48,647,134 22 Nov 2021 by Trust F4, F6, F9
transaction ANET Common Stock Sale $1,243,193 -9,529 -0.02% $130.46 48,637,605 22 Nov 2021 by Trust F4, F7, F9
transaction ANET Common Stock Sale $2,313,945 -17,605 -0.04% $131.44 48,620,000 22 Nov 2021 by Trust F4, F8, F9

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 -4,000 -75% $0.000000 1,332 22 Nov 2021 Common Stock 4,000 $5.62 Direct F4, F10
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -66,668 -100% $0.000000* 0 22 Nov 2021 Common Stock 66,668 $9.50 Direct F4, F11
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -20,000 -75% $0.000000 6,668 22 Nov 2021 Common Stock 20,000 $14.06 Direct F4, F12
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -9,332 -28% $0.000000 23,668 22 Nov 2021 Common Stock 9,332 $23.88 Direct F4, F13
transaction ANET Restricted Stock Unit-1 Options Exercise $0 -8,252 -100% $0.000000* 0 22 Nov 2021 Common Stock 8,252 $0.000000 Direct F1, F14
transaction ANET Restricted Stock Unit-2 Options Exercise $0 -5,000 -17% $0.000000 25,000 22 Nov 2021 Common Stock 5,000 $0.000000 Direct F1, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
F2 On November 18, 2021, the issuer completed a four-for-one stock split of the issuer's common stock. All amounts have been adjusted to give effect to this stock split.
F3 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F4 The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on June 14, 2021.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.02 to $129.01, 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 $129.02 to $130.01, 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 $130.02 to $131.01, 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 $131.02 to $131.88, 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 These shares are held by a family trust for which the reporting person is a trustee.
F10 1/5th of the 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.
F11 1/5th of the shares subject to the option vested on September 30, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F12 1/60th of the shares subject to the option vested on January 1, 2017 and 1/60th of the shares subject to the option shall continue to vest each month thereafter.
F13 1/5th of the shares subject to the option vested and became exercisable on February 6, 2018 and 1/60th of the shares subject to the option shall vest each month thereafter.
F14 Five percent (5%) of the restricted stock units awarded vested on February 20, 2017 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.
F15 Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on May 20, 2019 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, November 20 of each year.