Kenneth Duda - Feb 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
Feb 10, 2023
Transactions value $
-$5,123,090
Form type
4
Date filed
2/14/2023, 05:41 PM
Previous filing
Jan 12, 2023
Next filing
Feb 23, 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 Feb 10, 2023 Direct F1
transaction ANET Common Stock Sale -$1.01M -7.62K -32.8% $132.95 15.6K Feb 10, 2023 Direct F1, F2
transaction ANET Common Stock Sale -$1.39M -10.4K -66.46% $133.83 5.24K Feb 10, 2023 Direct F1, F3
transaction ANET Common Stock Sale -$239K -1.77K -33.84% $134.55 3.47K Feb 10, 2023 Direct F1, F4
transaction ANET Common Stock Sale -$30.1K -222 -6.41% $135.45 3.24K Feb 10, 2023 Direct F1
transaction ANET Common Stock Sale -$811K -6.1K -1.81% $132.95 331K Feb 10, 2023 By Childrens' Trust F1, F2, F5
transaction ANET Common Stock Sale -$1.11M -8.31K -2.51% $133.83 323K Feb 10, 2023 By Childrens' Trust F1, F3, F5
transaction ANET Common Stock Sale -$191K -1.42K -0.44% $134.55 321K Feb 10, 2023 By Childrens' Trust F1, F4, F5
transaction ANET Common Stock Sale -$24.1K -178 -0.06% $135.45 321K Feb 10, 2023 By Childrens' Trust F1, F5
transaction ANET Common Stock Sale -$213K -1.6K -0.66% $133.06 243K Feb 10, 2023 By Foundation F6, F7, F8
transaction ANET Common Stock Sale -$228K -1.7K -0.7% $133.99 241K Feb 10, 2023 By Foundation F6, F8, F9
transaction ANET Common Stock Sale -$27K -200 -0.08% $135.19 241K Feb 10, 2023 By Foundation F6, F8, F10
holding ANET Common Stock 293K Feb 10, 2023 By GRAT JD F11
holding ANET Common Stock 293K Feb 10, 2023 By GRAT KD F12
holding ANET Common Stock 164K Feb 10, 2023 by Trust F13

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 -9.09% $0.00 200K Feb 10, 2023 Common Stock 20K $7.67 Direct F1, F14
transaction ANET Restricted Stock Unit-11 Award $0 +16.6K $0.00 16.6K Feb 10, 2023 Common Stock 16.6K $0.00 Direct F15, F16
* 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 $132.38 to $133.37, 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 $133.38 to $134.37, 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 $134.38 to $135.20, 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 $132.52 to $133.42, 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 $133.56 to $134.52, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.93 to $135.45, 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.
F11 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F12 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F13 These shares are held by a family trust for which the reporting person is co-trustee.
F14 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.
F15 Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
F16 Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on on February 20, 2024 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.