Kenneth Duda - Jan 10, 2023 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
Jan 10, 2023
Transactions value $
-$4,376,939
Form type
4
Date filed
1/12/2023, 06:27 PM
Previous filing
Dec 14, 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 $153K +20K +616.52% $7.67* 23.2K Jan 10, 2023 Direct F1
transaction ANET Common Stock Sale -$1.77M -15.4K -66.37% $114.50 7.82K Jan 10, 2023 Direct F1, F2
transaction ANET Common Stock Sale -$506K -4.39K -56.15% $115.31 3.43K Jan 10, 2023 Direct F1, F3
transaction ANET Common Stock Sale -$21.4K -184 -5.37% $116.09 3.24K Jan 10, 2023 Direct F1, F4
transaction ANET Common Stock Sale -$1.41M -12.3K -3.49% $114.50 341K Jan 10, 2023 By Childrens' Trust F1, F2, F5
transaction ANET Common Stock Sale -$405K -3.51K -1.03% $115.31 337K Jan 10, 2023 By Childrens' Trust F1, F3, F5
transaction ANET Common Stock Sale -$17.2K -148 -0.04% $116.09 337K Jan 10, 2023 By Childrens' Trust F1, F4, F5
transaction ANET Common Stock Sale -$354K -3.09K -1.25% $114.58 245K Jan 10, 2023 By Foundation F6, F7, F8
transaction ANET Common Stock Sale -$47.7K -414 -0.17% $115.32 244K Jan 10, 2023 By Foundation F6, F8, F9
holding ANET Common Stock 293K Jan 10, 2023 By GRAT JD F10
holding ANET Common Stock 293K Jan 10, 2023 By GRAT KD F11
holding ANET Common Stock 164K Jan 10, 2023 by Trust F12

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 -8.33% $0.00 220K Jan 10, 2023 Common Stock 20K $7.67 Direct F1, F13
* 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 $113.94 to $114.935, 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 $114.94 to $115.93, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.94 to $116.19, 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 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.
F6 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.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.085 to $115.07, 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 These shares are held by a 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 $115.085 to $115.60, 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.
F10 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F11 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F12 These shares are held by a family trust for which the reporting person is co-trustee.
F13 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.