Kenneth Duda - Nov 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
Nov 10, 2022
Transactions value $
-$4,878,701
Form type
4
Date filed
11/14/2022, 06:55 PM
Previous filing
Oct 12, 2022
Next filing
Nov 23, 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 Nov 10, 2022 Direct F1
transaction ANET Common Stock Sale -$1.12M -8.84K -38.02% $126.43 14.4K Nov 10, 2022 Direct F1, F2
transaction ANET Common Stock Sale -$417K -3.27K -22.72% $127.37 11.1K Nov 10, 2022 Direct F1, F3
transaction ANET Common Stock Sale -$826K -6.44K -57.88% $128.26 4.69K Nov 10, 2022 Direct F1, F4
transaction ANET Common Stock Sale -$158K -1.22K -26.06% $129.23 3.47K Nov 10, 2022 Direct F1, F5
transaction ANET Common Stock Sale -$29K -223 -6.43% $130.20 3.24K Nov 10, 2022 Direct F1
transaction ANET Common Stock Sale -$894K -7.07K -1.84% $126.43 378K Nov 10, 2022 By Childrens' Trust F1, F2, F6
transaction ANET Common Stock Sale -$333K -2.62K -0.69% $127.37 376K Nov 10, 2022 By Childrens' Trust F1, F3, F6
transaction ANET Common Stock Sale -$661K -5.16K -1.37% $128.26 370K Nov 10, 2022 By Childrens' Trust F1, F4, F6
transaction ANET Common Stock Sale -$126K -978 -0.26% $129.23 369K Nov 10, 2022 By Childrens' Trust F1, F5, F6
transaction ANET Common Stock Sale -$23K -177 -0.05% $130.20 369K Nov 10, 2022 By Childrens' Trust F1, F6
transaction ANET Common Stock Sale -$177K -1.4K -0.55% $126.43 253K Nov 10, 2022 By Foundation F7, F8, F9
transaction ANET Common Stock Sale -$89.1K -700 -0.28% $127.32 253K Nov 10, 2022 By Foundation F7, F9, F10
transaction ANET Common Stock Sale -$137K -1.07K -0.42% $128.32 251K Nov 10, 2022 By Foundation F7, F9, F11
transaction ANET Common Stock Sale -$30.4K -235 -0.09% $129.37 251K Nov 10, 2022 By Foundation F7, F9, F12
transaction ANET Common Stock Sale -$13K -100 -0.04% $130.20 251K Nov 10, 2022 By Foundation F7, F9
holding ANET Common Stock 293K Nov 10, 2022 By GRAT JD F13
holding ANET Common Stock 293K Nov 10, 2022 By GRAT KD F14
holding ANET Common Stock 157K Nov 10, 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 -7.14% $0.00 260K Nov 10, 2022 Common Stock 20K $7.67 Direct F1, F15
* 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 $125.86 to $126.83, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.87 to $127.85, 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 $127.89 to $128.85, 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 $128.97 to $129.66, 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.
F6 These shares are held in multiple trusts 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.
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 $125.88 to $126.85, 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 $126.89 to $127.88, 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 $127.95 to $128.89, 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.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.03 to $129.895, 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.
F13 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F14 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F15 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.