Anshul Sadana - 22 Feb 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role: SVP, Chief Operating Officer
Signature: By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Anshul Sadana
Issuer symbol: ANET
Transactions as of: 22 Feb 2022
Net transactions value: -$2,136,776
Form type: 4
Filing time: 24 Feb 2022, 20:49:42 UTC
Previous filing: 15 Feb 2022
Next filing: 01 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANET	Common Stock	Options Exercise	$0	+4,000	+24%	$0.000000	20,447	22 Feb 2022	Direct	F1, F2
transaction	ANET	Common Stock	Options Exercise	$0	+1,748	+8.5%	$0.000000	22,195	22 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1,500	+6.8%	$0.000000	23,695	22 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+2,000	+8.4%	$0.000000	25,695	22 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+2,400	+9.3%	$0.000000	28,095	22 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+6,060	+22%	$0.000000	34,155	22 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+3,264	+9.6%	$0.000000	37,419	22 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+6,786	+18%	$0.000000	44,205	22 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+7,608	+17%	$0.000000	51,813	22 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Tax liability	$2,136,776	-17,539	-34%	$121.83	34,274	22 Feb 2022	Direct	F3

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	Restricted Stock Unit-11	Award	$0	+20,373		$0.000000	20,373	22 Feb 2022	Common Stock	20,373	$0.000000	Direct	F1, F4
transaction	ANET	Restricted Stock Unit-11	Options Exercise	$0	-6,786	-33%	$0.000000	13,587	22 Feb 2022	Common Stock	6,786	$0.000000	Direct	F1, F4
transaction	ANET	Restricted Stock Unit-12	Award	$0	+22,840		$0.000000	22,840	22 Feb 2022	Common Stock	22,840	$0.000000	Direct	F1, F5
transaction	ANET	Restricted Stock Unit-12	Options Exercise	$0	-7,608	-33%	$0.000000	15,232	22 Feb 2022	Common Stock	7,608	$0.000000	Direct	F1, F5
transaction	ANET	Restricted Stock Unit-3	Options Exercise	$0	-4,000	-25%	$0.000000	12,000	22 Feb 2022	Common Stock	4,000	$0.000000	Direct	F1, F6
transaction	ANET	Restricted Stock Unit-4	Options Exercise	$0	-1,748	-20%	$0.000000	7,000	22 Feb 2022	Common Stock	1,748	$0.000000	Direct	F1, F7
transaction	ANET	Restricted Stock Unit-5	Options Exercise	$0	-1,500	-9.1%	$0.000000	15,000	22 Feb 2022	Common Stock	1,500	$0.000000	Direct	F1, F8
transaction	ANET	Restricted Stock Unit-6	Options Exercise	$0	-2,000	-9.3%	$0.000000	19,600	22 Feb 2022	Common Stock	2,000	$0.000000	Direct	F1, F9
transaction	ANET	Restricted Stock Unit-7	Options Exercise	$0	-2,400	-11%	$0.000000	19,600	22 Feb 2022	Common Stock	2,400	$0.000000	Direct	F1, F10
transaction	ANET	Restricted Stock Unit-8	Options Exercise	$0	-6,060	-7.7%	$0.000000	72,688	22 Feb 2022	Common Stock	6,060	$0.000000	Direct	F1, F11
transaction	ANET	Restricted Stock Unit-9	Options Exercise	$0	-3,264	-6.3%	$0.000000	48,936	22 Feb 2022	Common Stock	3,264	$0.000000	Direct	F1, F12

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
F2	Includes 330 shares acquired under the Arista Networks, Inc. 2014 Employee Stock Purchase Plan on February 15, 2022.
F3	Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F4	This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests 1/3 on February 22, 2022, and will continue to vest quarterly over 2 years. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F5	This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests 1/3 on February 22, 2022, and will continue to vest quarterly over 2 years. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F6	Five percent (5%) of the restricted stock units awarded vested on February 20, 2018 and five percent (5%) of the award will continue to vest on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.
F7	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on May 20, 2019 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.
F8	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on November 20, 2020 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.
F9	Five percent (5%) of the restricted stock units awarded vested on May 20, 2019 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F10	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on November 20, 2020 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F11	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on May 20, 2021 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F12	Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on February 20, 2022 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.