Kenneth Duda - Oct 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
Oct 10, 2022
Transactions value $
-$4,164,211
Form type
4
Date filed
10/12/2022, 07:35 PM
Previous filing
Sep 14, 2022
Next filing
Nov 14, 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 Oct 10, 2022 Direct F1
transaction ANET Common Stock Sale -$297K -2.78K -11.98% $106.73 20.5K Oct 10, 2022 Direct F1, F2
transaction ANET Common Stock Sale -$383K -3.55K -17.35% $107.91 16.9K Oct 10, 2022 Direct F1, F3
transaction ANET Common Stock Sale -$920K -8.44K -49.93% $109.00 8.47K Oct 10, 2022 Direct F1, F4
transaction ANET Common Stock Sale -$146K -1.33K -15.74% $109.60 7.13K Oct 10, 2022 Direct F1, F5
transaction ANET Common Stock Sale -$185K -1.66K -23.31% $111.48 5.47K Oct 10, 2022 Direct F1, F6
transaction ANET Common Stock Sale -$56.2K -501 -9.16% $112.26 4.97K Oct 10, 2022 Direct F1, F7
transaction ANET Common Stock Sale -$94.9K -837 -16.84% $113.39 4.13K Oct 10, 2022 Direct F1, F8
transaction ANET Common Stock Sale -$38K -333 -8.06% $114.06 3.8K Oct 10, 2022 Direct F1, F9
transaction ANET Common Stock Sale -$64.9K -556 -14.63% $116.72 3.24K Oct 10, 2022 Direct F1, F10
transaction ANET Common Stock Sale -$238K -2.23K -0.56% $106.73 399K Oct 10, 2022 By Childrens' Trust F1, F2, F11
transaction ANET Common Stock Sale -$306K -2.84K -0.71% $107.91 396K Oct 10, 2022 By Childrens' Trust F1, F3, F11
transaction ANET Common Stock Sale -$736K -6.76K -1.71% $109.00 389K Oct 10, 2022 By Childrens' Trust F1, F4, F11
transaction ANET Common Stock Sale -$117K -1.07K -0.27% $109.60 388K Oct 10, 2022 By Childrens' Trust F1, F5, F11
transaction ANET Common Stock Sale -$148K -1.33K -0.34% $111.48 387K Oct 10, 2022 By Childrens' Trust F1, F6, F11
transaction ANET Common Stock Sale -$44.9K -400 -0.1% $112.26 387K Oct 10, 2022 By Childrens' Trust F1, F7, F11
transaction ANET Common Stock Sale -$75.9K -669 -0.17% $113.39 386K Oct 10, 2022 By Childrens' Trust F1, F8, F11
transaction ANET Common Stock Sale -$30.5K -267 -0.07% $114.06 386K Oct 10, 2022 By Childrens' Trust F1, F9, F11
transaction ANET Common Stock Sale -$51.8K -444 -0.12% $116.72 385K Oct 10, 2022 By Childrens' Trust F1, F10, F11
transaction ANET Common Stock Sale -$52K -487 -0.19% $106.79 258K Oct 10, 2022 By Foundation F12, F13, F14
transaction ANET Common Stock Sale -$76.9K -713 -0.28% $107.91 257K Oct 10, 2022 By Foundation F12, F14, F15
transaction ANET Common Stock Sale -$164K -1.5K -0.58% $109.00 255K Oct 10, 2022 By Foundation F12, F14, F16
transaction ANET Common Stock Sale -$11K -100 -0.04% $109.79 255K Oct 10, 2022 By Foundation F12, F14
transaction ANET Common Stock Sale -$44.7K -400 -0.16% $111.76 255K Oct 10, 2022 By Foundation F12, F14, F17
transaction ANET Common Stock Sale -$11.3K -100 -0.04% $113.09 255K Oct 10, 2022 By Foundation F12, F14, F18
transaction ANET Common Stock Sale -$23.3K -200 -0.08% $116.71 255K Oct 10, 2022 By Foundation F12, F14, F19
transaction ANET Common Stock Gift $0 -60.6K -17.11% $0.00 293K Sep 14, 2022 By GRAT JD F20
transaction ANET Common Stock Gift $0 -60.6K -17.11% $0.00 293K Sep 14, 2022 By GRAT KD F21
transaction ANET Common Stock Gift $0 +121K +337.12% $0.00 157K Sep 14, 2022 by Trust

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 -6.67% $0.00 280K Oct 10, 2022 Common Stock 20K $7.67 Direct F1, F22
* 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 $106.39 to $107.355, 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 $107.40 to $108.345, 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 $108.44 to $109.43, 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 $109.45 to $109.83, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.73 to $111.72, 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 $111.75 to $112.705, 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 $112.77 to $113.66, 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 $114.05 to $114.08, 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 $116.46 to $116.93, 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 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.
F12 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.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.48 to $107.47, 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.
F14 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.48 to $108.23, 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.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.68 to $109.37, 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.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.43 to $112.42, 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.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.07 to $113.11, 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.
F19 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.47 to $116.93, 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.
F20 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F21 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F22 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.