Kenneth Duda - May 13, 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
May 13, 2022
Transactions value $
-$3,725,137
Form type
4
Date filed
5/17/2022, 07:25 PM
Previous filing
May 12, 2022
Next filing
May 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $153K +20K +68.1% $7.67* 49.4K May 13, 2022 Direct F1
transaction ANET Common Stock Sale -$69.5K -667 -1.35% $104.14 48.7K May 13, 2022 Direct F1, F2
transaction ANET Common Stock Sale -$46.6K -444 -0.91% $105.02 48.3K May 13, 2022 Direct F1, F3
transaction ANET Common Stock Sale -$147K -1.39K -2.88% $106.12 46.9K May 13, 2022 Direct F1, F4
transaction ANET Common Stock Sale -$729K -6.78K -14.46% $107.54 40.1K May 13, 2022 Direct F1, F5
transaction ANET Common Stock Sale -$872K -8.06K -20.1% $108.20 32K May 13, 2022 Direct F1, F6
transaction ANET Common Stock Sale -$291K -2.67K -8.32% $109.02 29.4K May 13, 2022 Direct F1, F7
transaction ANET Common Stock Sale -$55.5K -533 -0.2% $104.14 264K May 13, 2022 By Childrens' Trust F1, F2, F8
transaction ANET Common Stock Sale -$37.4K -356 -0.13% $105.02 264K May 13, 2022 By Childrens' Trust F1, F3, F8
transaction ANET Common Stock Sale -$118K -1.11K -0.42% $106.12 262K May 13, 2022 By Childrens' Trust F1, F4, F8
transaction ANET Common Stock Sale -$583K -5.42K -2.07% $107.54 257K May 13, 2022 By Childrens' Trust F1, F5, F8
transaction ANET Common Stock Sale -$697K -6.44K -2.51% $108.20 251K May 13, 2022 By Childrens' Trust F1, F6, F8
transaction ANET Common Stock Sale -$233K -2.13K -0.85% $109.02 248K May 13, 2022 By Childrens' Trust F1, F7, F8
holding ANET Common Stock 272K May 13, 2022 By Foundation F9
holding ANET Common Stock 373K May 13, 2022 By GRAT JD F10
holding ANET Common Stock 373K May 13, 2022 By GRAT KD F11
holding ANET Common Stock 174K May 13, 2022 by Trust F12

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 -20K -5% $0.00 380K May 13, 2022 Common Stock 20K $7.67 Direct F1, F13
* 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 14, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.65 to $104.63, 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 $104.65 to $105.63, 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 $105.68 to $106.58, 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 $106.83 to $107.82, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.84 to $108.83, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.85 to $109.32, 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.
F8 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.
F9 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F10 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F11 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F12 These shares are held by a family trust for which the reporting person is co-trustee.
F13 1/5th of the shares subject to the option vested and become exercisable on December 1, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.