Anshul Sadana - 21 Nov 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role: SVP, Chief Operating Officer
Signature: By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Anshul Sadana
Issuer symbol: ANET
Transactions as of: 21 Nov 2022
Net transactions value: -$1,640,896
Form type: 4
Filing time: 23 Nov 2022, 16:20:57 UTC
Previous filing: 24 Aug 2022
Next filing: 14 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANET	Common Stock	Options Exercise	$0	+4,000	+7.5%	$0.000000	57,388	21 Nov 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1,752	+3.1%	$0.000000	59,140	21 Nov 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1,500	+2.5%	$0.000000	60,640	21 Nov 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+2,400	+4%	$0.000000	63,040	21 Nov 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+2,000	+3.2%	$0.000000	65,040	21 Nov 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+6,060	+9.3%	$0.000000	71,100	21 Nov 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+3,264	+4.6%	$0.000000	74,364	21 Nov 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1,698	+2.3%	$0.000000	76,062	21 Nov 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1,904	+2.5%	$0.000000	77,966	21 Nov 2022	Direct	F1
transaction	ANET	Common Stock	Tax liability	$1,640,896	-12,190	-16%	$134.61	65,776	21 Nov 2022	Direct	F2

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	Restricted Stock Unit-11	Options Exercise	$0	-1,698	-17%	$0.000000	8,493	21 Nov 2022	Common Stock	1,698	$0.000000	Direct	F1, F3
transaction	ANET	Restricted Stock Unit-12	Options Exercise	$0	-1,904	-17%	$0.000000	9,520	21 Nov 2022	Common Stock	1,904	$0.000000	Direct	F1, F4
transaction	ANET	Restricted Stock Unit-3	Options Exercise	$0	-4,000	-100%	$0.000000^*	0	21 Nov 2022	Common Stock	4,000	$0.000000	Direct	F1, F5
transaction	ANET	Restricted Stock Unit-4	Options Exercise	$0	-1,752	-50%	$0.000000	1,748	21 Nov 2022	Common Stock	1,752	$0.000000	Direct	F1, F6
transaction	ANET	Restricted Stock Unit-5	Options Exercise	$0	-1,500	-12%	$0.000000	10,500	21 Nov 2022	Common Stock	1,500	$0.000000	Direct	F1, F7
transaction	ANET	Restricted Stock Unit-6	Options Exercise	$0	-2,400	-17%	$0.000000	12,000	21 Nov 2022	Common Stock	2,400	$0.000000	Direct	F1, F8
transaction	ANET	Restricted Stock Unit-7	Options Exercise	$0	-2,000	-12%	$0.000000	14,000	21 Nov 2022	Common Stock	2,000	$0.000000	Direct	F1, F9
transaction	ANET	Restricted Stock Unit-8	Options Exercise	$0	-6,060	-10%	$0.000000	54,516	21 Nov 2022	Common Stock	6,060	$0.000000	Direct	F1, F10
transaction	ANET	Restricted Stock Unit-9	Options Exercise	$0	-3,264	-7.7%	$0.000000	39,148	21 Nov 2022	Common Stock	3,264	$0.000000	Direct	F1, F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
F2	Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F3	This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests 1/3 on February 22, 2022, and will continue to vest quarterly over 2 years. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F4	This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests 1/3 on February 22, 2022, and will continue to vest quarterly over 2 years. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F5	Five percent (5%) of the restricted stock units awarded vested on February 20, 2018 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F6	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on May 20, 2019 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.
F7	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on November 20, 2020 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.
F8	Five percent (5%) of the restricted stock units awarded vested on May 20, 2019 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F9	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on November 20, 2020 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F10	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on May 20, 2021 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F11	Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on February 20, 2022 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.