Marc Taxay - Mar 1, 2023 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
SVP and General Counsel
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Marc Taxay
Stock symbol
ANET
Transactions as of
Mar 1, 2023
Transactions value $
-$1,148,764
Form type
4
Date filed
3/3/2023, 05:15 PM
Previous filing
Feb 23, 2023
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $25.4K +416 +5.4% $61.05 8.12K Mar 1, 2023 Direct F1
transaction ANET Common Stock Options Exercise $12.7K +208 +2.56% $61.11 8.33K Mar 1, 2023 Direct F1
transaction ANET Common Stock Options Exercise $23.5K +416 +5% $56.59 8.74K Mar 1, 2023 Direct F1
transaction ANET Common Stock Sale -$428K -3.1K -35.46% $138.03 5.64K Mar 1, 2023 Direct F1, F2
transaction ANET Common Stock Sale -$783K -5.64K -100% $138.67 0 Mar 1, 2023 Direct F1, F3

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 -416 -4.76% $0.00 8.33K Mar 1, 2023 Common Stock 416 $56.59 Direct F1, F4
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -416 -6.66% $0.00 5.83K Mar 1, 2023 Common Stock 416 $61.05 Direct F1, F5
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -208 -4.75% $0.00 4.17K Mar 1, 2023 Common Stock 208 $61.11 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 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 $137.39 to $138.36, 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 $138.40 to $139.15, 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 1/48th of the shares subject to the option shall vest and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F5 1/48th of the shares subject to the option shall vest and become exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F6 1/48th of the shares subject to the option shall vest and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.