Andreas Bechtolsheim - May 23, 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
Stock symbol
ANET
Transactions as of
May 23, 2022
Transactions value $
-$20,218,393
Form type
4
Date filed
5/25/2022, 07:45 PM
Previous filing
May 24, 2022
Next filing
May 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $81.3K +1.33K +1.41% $61.05 95.9K May 23, 2022 Direct F1
transaction ANET Common Stock Options Exercise $94.4K +1.67K +1.74% $56.59 97.5K May 23, 2022 Direct F1
transaction ANET Common Stock Sale -$91.1K -900 -0.92% $101.19 96.6K May 23, 2022 Direct F1, F2
transaction ANET Common Stock Sale -$215K -2.1K -2.17% $102.21 94.5K May 23, 2022 Direct F1, F3
transaction ANET Common Stock Sale -$2.93M -29K -0.06% $101.24 46.9M May 23, 2022 by Trust F1, F4, F5
transaction ANET Common Stock Sale -$6.46M -63.3K -0.14% $102.09 46.8M May 23, 2022 by Trust F1, F5, F6
transaction ANET Common Stock Sale -$791K -7.71K -0.02% $102.71 46.8M May 23, 2022 by Trust F1, F5, F7
transaction ANET Common Stock Sale -$1.86M -19K -0.04% $97.90 46.8M May 24, 2022 by Trust F1, F5, F8
transaction ANET Common Stock Sale -$4.35M -44K -0.09% $98.79 46.8M May 24, 2022 by Trust F1, F5, F9
transaction ANET Common Stock Sale -$3.46M -34.7K -0.07% $99.73 46.7M May 24, 2022 by Trust F1, F5, F10
transaction ANET Common Stock Sale -$232K -2.31K 0% $100.54 46.7M May 24, 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 -1.67K -6.25% $0.00 25K May 23, 2022 Common Stock 1.67K $56.59 Direct F1, F12
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -1.33K -7.69% $0.00 16K May 23, 2022 Common Stock 1.33K $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.