Kenneth Duda - Jan 10, 2022 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
Jan 10, 2022
Transactions value $
-$7,360,569
Form type
4
Date filed
1/12/2022, 06:08 PM
Previous filing
Dec 14, 2021
Next filing
Feb 14, 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 Jan 10, 2022 Direct F1
transaction ANET Common Stock Sale -$1.09M -8.6K -14.31% $126.53 51.5K Jan 10, 2022 Direct F1, F2
transaction ANET Common Stock Sale -$1.63M -12.8K -24.88% $127.33 38.7K Jan 10, 2022 Direct F1, F3
transaction ANET Common Stock Sale -$963K -7.5K -19.38% $128.37 31.2K Jan 10, 2022 Direct F1, F4
transaction ANET Common Stock Sale -$1.07M -8.31K -26.62% $129.36 22.9K Jan 10, 2022 Direct F1, F5
transaction ANET Common Stock Sale -$361K -2.78K -12.12% $130.13 20.1K Jan 10, 2022 Direct F1, F6
transaction ANET Common Stock Sale -$468K -3.7K -10.22% $126.52 32.5K Jan 10, 2022 By Childrens' Trust F7, F8, F9
transaction ANET Common Stock Sale -$751K -5.9K -18.14% $127.36 26.6K Jan 10, 2022 By Childrens' Trust F7, F9, F10
transaction ANET Common Stock Sale -$282K -2.2K -8.26% $128.41 24.4K Jan 10, 2022 By Childrens' Trust F7, F9, F11
transaction ANET Common Stock Sale -$490K -3.79K -15.51% $129.42 20.6K Jan 10, 2022 By Childrens' Trust F7, F9, F12
transaction ANET Common Stock Sale -$97.1K -746 -3.62% $130.13 19.9K Jan 10, 2022 By Childrens' Trust F7, F9, F13
transaction ANET Common Stock Sale -$127K -1K -0.35% $126.90 285K Jan 10, 2022 By Foundation F14, F15, F16
transaction ANET Common Stock Sale -$51.2K -400 -0.14% $128.03 285K Jan 10, 2022 By Foundation F14, F16, F17
transaction ANET Common Stock Sale -$51.6K -400 -0.14% $129.09 284K Jan 10, 2022 By Foundation F14, F16, F18
holding ANET Common Stock 564K Jan 10, 2022 By GRAT JD F19
holding ANET Common Stock 564K Jan 10, 2022 By GRAT KD F20
holding ANET Common Stock 53.3K Jan 10, 2022 by Trust F21

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 -50% $0.00 40K Jan 10, 2022 Common Stock 40K $1.94 Direct F1, F22
* 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 $125.91 to $126.905, 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 $126.91 to $127.90, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.92 to $128.91, 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.
F5 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 $129.91, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.9225 to $130.45, 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 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.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.91 to $126.89, 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 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.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.96 to $127.95, 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.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.97 to $128.94, 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 $128.99 to $129.93, 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 $130.01 to $130.24, 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 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.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.42 to $127.35, 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.
F16 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.64 to $128.45, 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.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.68 to $129.30, 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.
F19 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F20 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F21 These shares are held by a family trust for which the reporting person is co-trustee.
F22 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.