Marc Taxay - Jan 3, 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
SVP and General Counsel
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Marc Taxay
Stock symbol
ANET
Transactions as of
Jan 3, 2022
Transactions value $
-$1,503,796
Form type
4
Date filed
1/5/2022, 06:29 PM
Previous filing
Dec 3, 2021
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $9.39K +668 $14.06* 668 Jan 3, 2022 Direct F1
transaction ANET Common Stock Options Exercise $509K +8.33K +1247.31% $61.05 9K Jan 3, 2022 Direct F1
transaction ANET Common Stock Options Exercise $178K +2.92K +32.4% $61.11 11.9K Jan 3, 2022 Direct F1
transaction ANET Common Stock Options Exercise $330K +5.83K +48.94% $56.59 17.7K Jan 3, 2022 Direct F1
transaction ANET Common Stock Sale -$691K -4.86K -27.38% $142.13 12.9K Jan 3, 2022 Direct F1, F2
transaction ANET Common Stock Sale -$1.64M -11.5K -89.39% $142.57 1.37K Jan 3, 2022 Direct F1, F3
transaction ANET Common Stock Sale -$197K -1.37K -100% $143.95 0 Jan 3, 2022 Direct F1, F4

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 -668 -33.4% $0.00 1.33K Jan 3, 2022 Common Stock 668 $14.06 Direct F1, F5
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -5.83K -29.16% $0.00 14.2K Jan 3, 2022 Common Stock 5.83K $56.59 Direct F1, F6
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -8.33K -41.66% $0.00 11.7K Jan 3, 2022 Common Stock 8.33K $61.05 Direct F1, F7
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -2.92K -29.16% $0.00 7.08K Jan 3, 2022 Common Stock 2.92K $61.11 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 15, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.31 to $142.30, 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 $142.31 to $143.29, 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 $143.32 to $144.09, 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.
F5 1/60th of the shares subject to the option vested and became exercisable on April 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F6 1/48th of the shares subject to the option shall vest and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F7 1/48th of the shares subject to the option shall vest and become exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F8 1/48th of the shares subject to the option shall vest and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.