Andreas Bechtolsheim - Dec 6, 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
Dec 6, 2021
Transactions value $
-$1,494,880
Form type
4
Date filed
12/8/2021, 07:45 PM
Previous filing
Dec 3, 2021
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $7.49K +1.33K +1.51% $5.62* 89.8K Dec 6, 2021 Direct F1
transaction ANET Common Stock Options Exercise $93.8K +6.67K +7.43% $14.06* 96.4K Dec 6, 2021 Direct F1
transaction ANET Common Stock Options Exercise $131K +5.5K +5.7% $23.88* 102K Dec 6, 2021 Direct F1
transaction ANET Common Stock Options Exercise $40.8K +668 +0.66% $61.05 103K Dec 6, 2021 Direct F1
transaction ANET Common Stock Options Exercise $47.1K +832 +0.81% $56.59 103K Dec 6, 2021 Direct F1
transaction ANET Common Stock Sale -$359K -3K -2.9% $119.67 100K Dec 6, 2021 Direct F1, F2
transaction ANET Common Stock Sale -$472K -3.92K -3.9% $120.50 96.5K Dec 6, 2021 Direct F1, F3
transaction ANET Common Stock Sale -$942K -7.73K -8.01% $121.75 88.8K Dec 6, 2021 Direct F1, F4
transaction ANET Common Stock Sale -$42.3K -346 -0.39% $122.23 88.4K Dec 6, 2021 Direct F1, F5
holding ANET Common Stock 47.9M Dec 6, 2021 by Trust F6

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 -1.33K -100% $0.00* 0 Dec 6, 2021 Common Stock 1.33K $5.62 Direct F1, F7
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -6.67K -100% $0.00* 0 Dec 6, 2021 Common Stock 6.67K $14.06 Direct F1, F8
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -5.5K -33.33% $0.00 11K Dec 6, 2021 Common Stock 5.5K $23.88 Direct F1, F9
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -832 -2.77% $0.00 29.2K Dec 6, 2021 Common Stock 832 $56.59 Direct F1, F10
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -668 -3.34% $0.00 19.3K Dec 6, 2021 Common Stock 668 $61.05 Direct F1, F11
* 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 $119.11 to $120.09, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.115 to $121.06, 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 $121.15 to $122.14, 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 $122.15 to $122.31, 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 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.
F8 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.
F9 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.
F10 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.
F11 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.