Kenneth Duda - Dec 12, 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
Dec 12, 2022
Transactions value $
-$4,918,626
Form type
4
Date filed
12/14/2022, 04:35 PM
Previous filing
Nov 23, 2022
Next filing
Jan 12, 2023

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 Dec 12, 2022 Direct F1
transaction ANET Common Stock Sale -$481K -3.78K -16.28% $127.23 19.5K Dec 12, 2022 Direct F1, F2
transaction ANET Common Stock Sale -$1.31M -10.2K -52.5% $128.05 9.24K Dec 12, 2022 Direct F1, F3
transaction ANET Common Stock Sale -$352K -2.72K -29.45% $129.14 6.52K Dec 12, 2022 Direct F1, F4
transaction ANET Common Stock Sale -$427K -3.28K -50.26% $130.26 3.24K Dec 12, 2022 Direct F1, F5
transaction ANET Common Stock Sale -$385K -3.03K -0.82% $127.23 366K Dec 12, 2022 By Childrens' Trust F2, F6, F7
transaction ANET Common Stock Sale -$1.05M -8.17K -2.23% $128.05 358K Dec 12, 2022 By Childrens' Trust F3, F6, F7
transaction ANET Common Stock Sale -$281K -2.18K -0.61% $129.14 356K Dec 12, 2022 By Childrens' Trust F4, F6, F7
transaction ANET Common Stock Sale -$342K -2.62K -0.74% $130.26 353K Dec 12, 2022 By Childrens' Trust F5, F6, F7
transaction ANET Common Stock Sale -$102K -800 -0.32% $127.35 250K Dec 12, 2022 By Foundation F8, F9, F10
transaction ANET Common Stock Sale -$218K -1.7K -0.68% $128.10 249K Dec 12, 2022 By Foundation F8, F10, F11
transaction ANET Common Stock Sale -$64.7K -500 -0.2% $129.30 248K Dec 12, 2022 By Foundation F8, F10, F12
transaction ANET Common Stock Sale -$65.2K -500 -0.2% $130.33 248K Dec 12, 2022 By Foundation F8, F10, F13
holding ANET Common Stock 293K Dec 12, 2022 By GRAT JD F14
holding ANET Common Stock 293K Dec 12, 2022 By GRAT KD F15
holding ANET Common Stock 164K Dec 12, 2022 by Trust F16

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 -7.69% $0.00 240K Dec 12, 2022 Common Stock 20K $7.67 Direct F1
* 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 $126.62 to $127.60, 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 $127.62 to $128.60, 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 $128.66 to $129.60, 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 $129.68 to $130.54, 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 sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person for the benefit of the reporting person's children on December 14, 2020.
F7 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.
F8 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.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.69 to $127.59, 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 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.69 to $128.66, 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.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.93 to $129.57, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.20 to $130.45, 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 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F15 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F16 These shares are held by a family trust for which the reporting person is co-trustee.