Jayshree Ullal - Aug 8, 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Stock symbol
ANET
Transactions as of
Aug 8, 2022
Transactions value $
-$18,717,098
Form type
4
Date filed
8/10/2022, 07:11 PM
Previous filing
Jul 11, 2022
Next filing
Aug 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $30K +5.33K +6.37% $5.62* 89K Aug 8, 2022 Direct F1
transaction ANET Common Stock Options Exercise $375K +26.7K +29.97% $14.06* 116K Aug 8, 2022 Direct F1
transaction ANET Common Stock Options Exercise $919K +38.5K +33.29% $23.88* 154K Aug 8, 2022 Direct F1
transaction ANET Common Stock Options Exercise $488K +8K +5.19% $61.05 162K Aug 8, 2022 Direct F1
transaction ANET Common Stock Options Exercise $566K +10K +6.17% $56.59 172K Aug 8, 2022 Direct F1
transaction ANET Common Stock Sale -$8.81M -71.1K -41.28% $124.03 101K Aug 8, 2022 Direct F1, F2
transaction ANET Common Stock Sale -$11.6M -92.9K -91.94% $124.85 8.14K Aug 8, 2022 Direct F1, F3
transaction ANET Common Stock Sale -$230K -1.83K -22.5% $125.55 6.31K Aug 8, 2022 Direct F1, F4
transaction ANET Common Stock Sale -$250K -2.06K -32.66% $121.31 4.25K Aug 9, 2022 Direct F1, F5
transaction ANET Common Stock Sale -$145K -1.18K -27.84% $122.31 3.07K Aug 9, 2022 Direct F1, F6
transaction ANET Common Stock Sale -$53.8K -435 -14.18% $123.65 2.63K Aug 9, 2022 Direct F1, F7
holding ANET Common Stock 1.78M Aug 8, 2022 By Trust for Child 1 F8
holding ANET Common Stock 1.78M Aug 8, 2022 By Trust for Child 2 F8
holding ANET Common Stock 12K Aug 8, 2022 By Trust for Nephew F9
holding ANET Common Stock 12K Aug 8, 2022 By Trust for Niece F9
holding ANET Common Stock 6.93M Aug 8, 2022 by Trust F10

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 -5.33K -100% $0.00* 0 Aug 8, 2022 Common Stock 5.33K $5.62 Direct F1, F11
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -26.7K -100% $0.00* 0 Aug 8, 2022 Common Stock 26.7K $14.06 Direct F1, F12
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -38.5K -100% $0.00* 0 Aug 8, 2022 Common Stock 38.5K $23.88 Direct F1, F13
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -10K -30.77% $0.00 22.5K Aug 8, 2022 Common Stock 10K $56.59 Direct F1, F14
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -8K -36.36% $0.00 14K Aug 8, 2022 Common Stock 8K $61.05 Direct F1, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercises and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.47 to $124.46, 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 $124.47 to $125.46, 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 $125.48 to $125.73, 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 $120.92 to $121.89, 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 $121.93 to $122.80, 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 $123.07 to $124.03, 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 trust for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
F9 These shares are held in trust for the benefit of relatives 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.
F10 These shares are held by a family trust for which the reporting person is co-trustee.
F11 1/5th of the 20,000 shares subject to the option vested and became exercisable on December 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F12 1/60th of the shares subject to the option vested on January 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F13 1/5th of the shares subject to the option vested on February 6, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F14 1/48th of the shares subject to the option vested on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F15 1/48th of the shares subject to the option vested on June 1, 2020 and 1/48th of the shares subject to the option shall vest monthly thereafter.