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

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Andreas Bechtolsheim
Stock symbol
ANET
Transactions as of
Nov 22, 2021
Transactions value $
-$25,555,961
Form type
4
Date filed
11/24/2021, 05:49 PM
Previous filing
Sep 9, 2021
Next filing
Nov 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +8.25K +10.13% $0.00 89.7K Nov 22, 2021 Direct F1, F2
transaction ANET Common Stock Options Exercise $0 +5K +5.57% $0.00 94.7K Nov 22, 2021 Direct F1
transaction ANET Common Stock Tax liability -$806K -6.29K -6.64% $128.16 88.4K Nov 22, 2021 Direct F3
transaction ANET Common Stock Options Exercise $22.5K +4K +4.52% $5.62* 92.4K Nov 22, 2021 Direct F4
transaction ANET Common Stock Options Exercise $633K +66.7K +72.13% $9.50* 159K Nov 22, 2021 Direct F4
transaction ANET Common Stock Options Exercise $281K +20K +12.57% $14.06* 179K Nov 22, 2021 Direct F4
transaction ANET Common Stock Options Exercise $223K +9.33K +5.21% $23.88* 188K Nov 22, 2021 Direct F4
transaction ANET Common Stock Sale -$4.64M -36.1K -19.16% $128.60 152K Nov 22, 2021 Direct F4, F5
transaction ANET Common Stock Sale -$4.8M -37.1K -24.34% $129.34 115K Nov 22, 2021 Direct F4, F6
transaction ANET Common Stock Sale -$1.23M -9.44K -8.19% $130.51 106K Nov 22, 2021 Direct F4, F7
transaction ANET Common Stock Sale -$2.28M -17.4K -16.42% $131.44 88.4K Nov 22, 2021 Direct F4, F8
transaction ANET Common Stock Sale -$4.66M -36.2K -0.07% $128.60 48.7M Nov 22, 2021 by Trust F4, F5, F9
transaction ANET Common Stock Sale -$4.74M -36.6K -0.08% $129.33 48.6M Nov 22, 2021 by Trust F4, F6, F9
transaction ANET Common Stock Sale -$1.24M -9.53K -0.02% $130.46 48.6M Nov 22, 2021 by Trust F4, F7, F9
transaction ANET Common Stock Sale -$2.31M -17.6K -0.04% $131.44 48.6M Nov 22, 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 -4K -75.02% $0.00 1.33K Nov 22, 2021 Common Stock 4K $5.62 Direct F4, F10
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -66.7K -100% $0.00* 0 Nov 22, 2021 Common Stock 66.7K $9.50 Direct F4, F11
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -20K -75% $0.00 6.67K Nov 22, 2021 Common Stock 20K $14.06 Direct F4, F12
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -9.33K -28.28% $0.00 23.7K Nov 22, 2021 Common Stock 9.33K $23.88 Direct F4, F13
transaction ANET Restricted Stock Unit-1 Options Exercise $0 -8.25K -100% $0.00* 0 Nov 22, 2021 Common Stock 8.25K $0.00 Direct F1, F14
transaction ANET Restricted Stock Unit-2 Options Exercise $0 -5K -16.67% $0.00 25K Nov 22, 2021 Common Stock 5K $0.00 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.