Anshul Sadana - 09 Mar 2023 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
Issuer symbol: ANET
Transactions as of: 09 Mar 2023
Net transactions value: -$1,327,088
Form type: 4
Filing time: 10 Mar 2023, 17:15:49 UTC
Previous filing: 23 Feb 2023
Next filing: 17 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANET	Common Stock	Options Exercise	$40,781	+668	+0.81%	$61.05	83,379	09 Mar 2023	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$20,288	+332	+0.4%	$61.11	83,711	09 Mar 2023	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$37,572	+664	+0.79%	$56.58	84,375	09 Mar 2023	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$51,127	+6,668	+7.9%	$7.67^*	91,043	09 Mar 2023	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$23,452	+1,668	+1.8%	$14.06^*	92,711	09 Mar 2023	Direct	F1
transaction	ANET	Common Stock	Sale	$1,500,308	-10,000	-11%	$150.03	82,711	09 Mar 2023	Direct	F1, 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	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-6,668	-10%	$0.000000	60,000	09 Mar 2023	Common Stock	6,668	$7.67	Direct	F1, F3
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-1,668	-100%	$0.000000^*	0	09 Mar 2023	Common Stock	1,668	$14.06	Direct	F1, F4
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-664	-1.7%	$0.000000	37,836	09 Mar 2023	Common Stock	664	$56.58	Direct	F1, F5
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-668	-3.7%	$0.000000	17,332	09 Mar 2023	Common Stock	668	$61.05	Direct	F1, F6
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-332	-3%	$0.000000	10,668	09 Mar 2023	Common Stock	332	$61.11	Direct	F1, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The exercise and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.00 to $150.16, 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	1/5th of the shares subject to the option vested and became exercisable on December 1, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F4	1/60th of the shares subject to the option vested and became exercisable on April 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F5	1/48th of the shares subject to the option vested and became exercisable on December 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 vested and became exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F7	1/48th of the shares subject to the option vested and became exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.