Anshul Sadana - Nov 21, 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
Stock symbol: ANET
Transactions as of: Nov 21, 2022
Transactions value $: -$1,640,896
Form type: 4
Date filed: 11/23/2022, 04:20 PM
Previous filing: Aug 24, 2022
Next filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANET	Common Stock	Options Exercise	$0	+4K	+7.49%	$0.00	57.4K	Nov 21, 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1.75K	+3.05%	$0.00	59.1K	Nov 21, 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1.5K	+2.54%	$0.00	60.6K	Nov 21, 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+2.4K	+3.96%	$0.00	63K	Nov 21, 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+2K	+3.17%	$0.00	65K	Nov 21, 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+6.06K	+9.32%	$0.00	71.1K	Nov 21, 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+3.26K	+4.59%	$0.00	74.4K	Nov 21, 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1.7K	+2.28%	$0.00	76.1K	Nov 21, 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1.9K	+2.5%	$0.00	78K	Nov 21, 2022	Direct	F1
transaction	ANET	Common Stock	Tax liability	-$1.64M	-12.2K	-15.64%	$134.61	65.8K	Nov 21, 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	-1.7K	-16.66%	$0.00	8.49K	Nov 21, 2022	Common Stock	1.7K	$0.00	Direct	F1, F3
transaction	ANET	Restricted Stock Unit-12	Options Exercise	$0	-1.9K	-16.67%	$0.00	9.52K	Nov 21, 2022	Common Stock	1.9K	$0.00	Direct	F1, F4
transaction	ANET	Restricted Stock Unit-3	Options Exercise	$0	-4K	-100%	$0.00^*	0	Nov 21, 2022	Common Stock	4K	$0.00	Direct	F1, F5
transaction	ANET	Restricted Stock Unit-4	Options Exercise	$0	-1.75K	-50.06%	$0.00	1.75K	Nov 21, 2022	Common Stock	1.75K	$0.00	Direct	F1, F6
transaction	ANET	Restricted Stock Unit-5	Options Exercise	$0	-1.5K	-12.5%	$0.00	10.5K	Nov 21, 2022	Common Stock	1.5K	$0.00	Direct	F1, F7
transaction	ANET	Restricted Stock Unit-6	Options Exercise	$0	-2.4K	-16.67%	$0.00	12K	Nov 21, 2022	Common Stock	2.4K	$0.00	Direct	F1, F8
transaction	ANET	Restricted Stock Unit-7	Options Exercise	$0	-2K	-12.5%	$0.00	14K	Nov 21, 2022	Common Stock	2K	$0.00	Direct	F1, F9
transaction	ANET	Restricted Stock Unit-8	Options Exercise	$0	-6.06K	-10%	$0.00	54.5K	Nov 21, 2022	Common Stock	6.06K	$0.00	Direct	F1, F10
transaction	ANET	Restricted Stock Unit-9	Options Exercise	$0	-3.26K	-7.7%	$0.00	39.1K	Nov 21, 2022	Common Stock	3.26K	$0.00	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.