ANDREAS BECHTOLSHEIM - 23 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
23 Nov 2021
Net transactions value
-$26,330,675
Form type
4
Filing time
26 Nov 2021, 18:08:06 UTC
Previous filing
24 Nov 2021
Next filing
30 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $171,154 +7,168 +8.1% $23.88* 95,597 23 Nov 2021 Direct F1
transaction ANET Common Stock Options Exercise $122,100 +2,000 +2.1% $61.05 97,597 23 Nov 2021 Direct F1
transaction ANET Common Stock Options Exercise $141,462 +2,500 +2.6% $56.58 100,097 23 Nov 2021 Direct F1
transaction ANET Common Stock Sale $86,913 -700 -0.7% $124.16 99,397 23 Nov 2021 Direct F1, F2
transaction ANET Common Stock Sale $756,762 -6,039 -6.1% $125.31 93,358 23 Nov 2021 Direct F1, F3
transaction ANET Common Stock Sale $622,836 -4,929 -5.3% $126.36 88,429 23 Nov 2021 Direct F1, F4
transaction ANET Common Stock Sale $24,520 -200 -0% $122.60 48,619,800 23 Nov 2021 by Trust F1, F5, F6
transaction ANET Common Stock Sale $385,774 -3,113 -0.01% $123.92 48,616,687 23 Nov 2021 by Trust F1, F6, F7
transaction ANET Common Stock Sale $3,103,555 -24,841 -0.05% $124.94 48,591,846 23 Nov 2021 by Trust F1, F6, F8
transaction ANET Common Stock Sale $5,210,583 -41,475 -0.09% $125.63 48,550,371 23 Nov 2021 by Trust F1, F6, F9
transaction ANET Common Stock Sale $3,841,218 -30,371 -0.06% $126.48 48,520,000 23 Nov 2021 by Trust F1, F6, F10
transaction ANET Common Stock Sale $1,054,249 -8,340 -0.02% $126.41 48,511,660 24 Nov 2021 by Trust F1, F6, F11
transaction ANET Common Stock Sale $10,772,366 -84,570 -0.17% $127.38 48,427,090 24 Nov 2021 by Trust F1, F6, F12
transaction ANET Common Stock Sale $906,615 -7,090 -0.01% $127.87 48,420,000 24 Nov 2021 by Trust F1, F6, F13

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 -7,168 -30% $0.000000 16,500 23 Nov 2021 Common Stock 7,168 $23.88 Direct F1, F14
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -2,500 -7.7% $0.000000 30,000 23 Nov 2021 Common Stock 2,500 $56.58 Direct F1, F15
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -2,000 -9.1% $0.000000 20,000 23 Nov 2021 Common Stock 2,000 $61.05 Direct F1, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.80 to $124.43, 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 $124.83 to $125.815, 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 $125.83 to $126.74, 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 $122.18 to $123.08, 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 These shares are held by a family trust for which the reporting person is a trustee.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.24 to $124.23, 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 $124.24 to $125.23, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.24 to $126.22, 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.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.24 to $126.91, 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.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.79 to $126.78, 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.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.79 to $127.78, 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.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.79 to $128.01, 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.
F14 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.
F15 1/48th of the shares subject to the option vested and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F16 1/48th of the shares subject to the option vested and become exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.