Kenneth Duda - Jun 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
Jun 10, 2022
Transactions value $
-$3,625,100
Form type
4
Date filed
6/14/2022, 08:24 PM
Previous filing
May 24, 2022
Next filing
Jul 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $153K +20K +616.52% $7.67* 23.2K Jun 10, 2022 Direct F1, F2
transaction ANET Common Stock Sale -$990K -10.4K -44.69% $95.31 12.9K Jun 10, 2022 Direct F1, F3
transaction ANET Common Stock Sale -$864K -9K -70.01% $95.98 3.86K Jun 10, 2022 Direct F1, F4
transaction ANET Common Stock Sale -$59.3K -612 -15.87% $96.87 3.24K Jun 10, 2022 Direct F1, F5
transaction ANET Common Stock Gift $0 +217K +87.28% $0.00 465K Jun 1, 2022 By Childrens' Trust F6
transaction ANET Common Stock Sale -$792K -8.31K -1.79% $95.31 457K Jun 10, 2022 By Childrens' Trust F1, F3, F6
transaction ANET Common Stock Sale -$691K -7.2K -1.58% $95.98 450K Jun 10, 2022 By Childrens' Trust F1, F4, F6
transaction ANET Common Stock Sale -$47.5K -490 -0.11% $96.87 449K Jun 10, 2022 By Childrens' Trust F1, F5, F6
transaction ANET Common Stock Sale -$172K -1.8K -0.66% $95.30 270K Jun 10, 2022 By Foundation F7, F8, F9
transaction ANET Common Stock Sale -$154K -1.6K -0.59% $95.95 269K Jun 10, 2022 By Foundation F7, F9, F10
transaction ANET Common Stock Sale -$9.7K -100 -0.04% $96.99 269K Jun 10, 2022 By Foundation F7, F9
transaction ANET Common Stock Gift $0 +90K +24.13% $0.00 463K May 25, 2022 By GRAT JD F11
transaction ANET Common Stock Gift $0 -84.6K -18.28% $0.00 378K Jun 1, 2022 By GRAT JD F11
transaction ANET Common Stock Gift $0 -108K -28.65% $0.00 270K Jun 1, 2022 By GRAT JD F11
transaction ANET Common Stock Gift $0 +84K +31.11% $0.00 354K Jun 9, 2022 By GRAT JD F11
transaction ANET Common Stock Gift $0 +90K +24.13% $0.00 463K May 25, 2022 By GRAT KD F12
transaction ANET Common Stock Gift $0 -84.6K -18.28% $0.00 378K Jun 1, 2022 By GRAT KD F12
transaction ANET Common Stock Gift $0 -108K -28.65% $0.00 270K Jun 1, 2022 By GRAT KD F12
transaction ANET Common Stock Gift $0 +84K +31.11% $0.00 354K Jun 9, 2022 By GRAT KD F12
transaction ANET Common Stock Gift $0 -180K -86.71% $0.00 27.6K May 25, 2022 by Trust F2, F13
transaction ANET Common Stock Gift $0 +169K +613.53% $0.00 197K Jun 1, 2022 by Trust F13
transaction ANET Common Stock Gift $0 -168K -85.34% $0.00 28.9K Jun 9, 2022 by Trust F13

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 -5.26% $0.00 360K Jun 10, 2022 Common Stock 20K $7.67 Direct F1, F14
* 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 33,203 shares were previously reported as directly beneficially owned by the reporting person but were contributed to a family trust when they vested. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.705 to $95.70, 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 $95.71 to $96.70, 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 $96.78 to $97.02, 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 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.
F7 The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on December 13, 2021 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.70 to $95.69, 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 by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.71 to $96.70, 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 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F12 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F13 These shares are held by a family trust for which the reporting person is co-trustee.
F14 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.