Kenneth Duda - Dec 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
Dec 10, 2021
Transactions value $
-$7,480,012
Form type
4
Date filed
12/14/2021, 07:46 PM
Previous filing
Nov 24, 2021
Next filing
Jan 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $77.6K +40K +198.84% $1.94* 60.1K Dec 10, 2021 Direct F1
transaction ANET Common Stock Sale -$2.24M -17.3K -28.78% $129.48 42.8K Dec 10, 2021 Direct F1, F2
transaction ANET Common Stock Sale -$2.33M -17.9K -41.73% $130.24 25K Dec 10, 2021 Direct F1, F3
transaction ANET Common Stock Sale -$633K -4.83K -19.37% $130.97 20.1K Dec 10, 2021 Direct F1, F4
transaction ANET Common Stock Sale -$932K -7.2K -13.7% $129.50 45.4K Dec 10, 2021 By Childrens' Trust F5, F6, F7
transaction ANET Common Stock Sale -$978K -7.5K -16.54% $130.27 37.9K Dec 10, 2021 By Childrens' Trust F5, F7, F8
transaction ANET Common Stock Sale -$214K -1.63K -4.31% $130.96 36.2K Dec 10, 2021 By Childrens' Trust F5, F7, F9
transaction ANET Common Stock Sale -$130K -1K -0.44% $129.60 227K Dec 10, 2021 By Foundation F10, F11, F12
transaction ANET Common Stock Sale -$78.1K -600 -0.26% $130.24 226K Dec 10, 2021 By Foundation F10, F12, F13
transaction ANET Common Stock Sale -$26.2K -200 -0.09% $130.94 226K Dec 10, 2021 By Foundation F10, F12, F14
transaction ANET Common Stock Gift $0 +60K +26.53% $0.00 286K Dec 10, 2021 By Foundation F12
transaction ANET Common Stock Gift $0 -39.5K -25.86% $0.00 113K Dec 10, 2021 by Trust F15
transaction ANET Common Stock Gift $0 -60K -52.97% $0.00 53.3K Dec 10, 2021 by Trust F15
holding ANET Common Stock 564K Dec 10, 2021 By GRAT JD F16
holding ANET Common Stock 564K Dec 10, 2021 By GRAT KD F17

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 -40K -33.33% $0.00 80K Dec 10, 2021 Common Stock 40K $1.94 Direct F1, F18
* 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 March 12, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.83 to $129.825, 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 $129.83 to $130.82, 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 $130.83 to $131.185, 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 sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person for the benefit of the reporting person's children on December 14, 2020.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.88 to $129.86, 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 These shares are held in a trust for the benefit of a Child of the reporting person for which the reporting person serves as co-trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.88 to $130.875, 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 $130.88 to $131.095, 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 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.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.92 to $129.90, 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 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.93 to $130.69, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.93 to $130.95, 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.
F15 These shares are held by a family trust for which the reporting person is co-trustee.
F16 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F17 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F18 1/4th of the 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.