ANDREAS BECHTOLSHEIM - 23 May 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role: Chief Development Officer, Director, 10%+ Owner
Signature: By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Andreas Bechtolsheim
Issuer symbol: ANET
Transactions as of: 23 May 2022
Net transactions value: -$20,218,393
Form type: 4
Filing time: 25 May 2022, 19:45:54 UTC
Previous filing: 24 May 2022
Next filing: 27 May 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	$81,319	+1,332	+1.4%	$61.05	95,868	23 May 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$94,384	+1,668	+1.7%	$56.58	97,536	23 May 2022	Direct	F1
transaction	ANET	Common Stock	Sale	$91,073	-900	-0.92%	$101.19	96,636	23 May 2022	Direct	F1, F2
transaction	ANET	Common Stock	Sale	$214,650	-2,100	-2.2%	$102.21	94,536	23 May 2022	Direct	F1, F3
transaction	ANET	Common Stock	Sale	$2,933,649	-28,977	-0.06%	$101.24	46,891,023	23 May 2022	by Trust	F1, F4, F5
transaction	ANET	Common Stock	Sale	$6,464,336	-63,317	-0.14%	$102.09	46,827,706	23 May 2022	by Trust	F1, F5, F6
transaction	ANET	Common Stock	Sale	$791,495	-7,706	-0.02%	$102.71	46,820,000	23 May 2022	by Trust	F1, F5, F7
transaction	ANET	Common Stock	Sale	$1,861,448	-19,014	-0.04%	$97.90	46,800,986	24 May 2022	by Trust	F1, F5, F8
transaction	ANET	Common Stock	Sale	$4,347,268	-44,003	-0.09%	$98.79	46,756,983	24 May 2022	by Trust	F1, F5, F9
transaction	ANET	Common Stock	Sale	$3,458,430	-34,678	-0.07%	$99.73	46,722,305	24 May 2022	by Trust	F1, F5, F10
transaction	ANET	Common Stock	Sale	$231,748	-2,305	-0%	$100.54	46,720,000	24 May 2022	by Trust	F1, F5, F11

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	-1,668	-6.3%	$0.000000	25,000	23 May 2022	Common Stock	1,668	$56.58	Direct	F1, F12
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-1,332	-7.7%	$0.000000	16,000	23 May 2022	Common Stock	1,332	$61.05	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 June 14, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.79 to $101.53, 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 $101.83 to $102.765, 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 $100.59 to $101.58, 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	These shares are held by a family trust for which the reporting person is a trustee.
F6	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.59 to $102.585, 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 $102.59 to $103.005, 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	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.24 to $98.23, 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 $98.24 to $99.235, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.24 to $100.22, 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 $100.24 to $100.95, 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.
F12	1/48th of the shares subject to the option vested and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F13	1/48th of the shares subject to the option vested and become exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.