Kenneth Duda - Apr 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
Apr 10, 2023
Transactions value $
-$6,226,292
Form type
4
Date filed
4/12/2023, 06:25 PM
Previous filing
Mar 16, 2023
Next filing
May 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 Apr 10, 2023 Direct F1
transaction ANET Common Stock Sale -$422K -2.66K -11.44% $158.78 20.6K Apr 10, 2023 Direct F1, F2
transaction ANET Common Stock Sale -$340K -2.12K -10.31% $159.93 18.5K Apr 10, 2023 Direct F1, F3
transaction ANET Common Stock Sale -$669K -4.15K -22.48% $161.07 14.3K Apr 10, 2023 Direct F1, F4
transaction ANET Common Stock Sale -$398K -2.46K -17.18% $162.03 11.9K Apr 10, 2023 Direct F1, F5
transaction ANET Common Stock Sale -$1.4M -8.61K -72.63% $162.82 3.24K Apr 10, 2023 Direct F1, F6
transaction ANET Common Stock Sale -$338K -2.13K -0.7% $158.78 303K Apr 10, 2023 By Childrens' Trust F2, F7, F8
transaction ANET Common Stock Sale -$272K -1.7K -0.56% $159.93 301K Apr 10, 2023 By Childrens' Trust F3, F7, F8
transaction ANET Common Stock Sale -$535K -3.32K -1.1% $161.07 298K Apr 10, 2023 By Childrens' Trust F4, F7, F8
transaction ANET Common Stock Sale -$319K -1.97K -0.66% $162.03 296K Apr 10, 2023 By Childrens' Trust F5, F7, F8
transaction ANET Common Stock Sale -$1.12M -6.89K -2.33% $162.82 289K Apr 10, 2023 By Childrens' Trust F6, F7, F8
transaction ANET Common Stock Sale -$80.9K -510 -0.22% $158.70 237K Apr 10, 2023 By Foundation F9, F10, F11
transaction ANET Common Stock Sale -$80.1K -500 -0.21% $160.15 236K Apr 10, 2023 By Foundation F9, F11, F12
transaction ANET Common Stock Sale -$113K -700 -0.3% $161.21 235K Apr 10, 2023 By Foundation F9, F11, F13
transaction ANET Common Stock Sale -$208K -1.28K -0.54% $162.51 234K Apr 10, 2023 By Foundation F9, F11, F14
transaction ANET Common Stock Sale -$83K -509 -0.22% $163.09 234K Apr 10, 2023 By Foundation F9, F11, F15
holding ANET Common Stock 368K Apr 10, 2023 By GRAT JD F16
holding ANET Common Stock 368K Apr 10, 2023 By GRAT KD F17
holding ANET Common Stock 19.6K Apr 10, 2023 by Trust F18

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 -11.11% $0.00 160K Apr 10, 2023 Common Stock 20K $7.67 Direct F1, F19
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 $158.31 to $159.24, 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 $159.40 to $160.39, 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 $160.43 to $161.41, 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 $161.45 to $162.44, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.45 to $163.28, 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.
F7 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 March 14, 2022.
F8 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.
F9 The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on December 12, 2022 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $158.32 to $159.19, 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.
F11 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.69 to $160.64, 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 $160.87 to $161.57, 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.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.89 to $162.83, 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.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.98 to $163.22, 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.
F16 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F17 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F18 These shares are held by a family trust for which the reporting person is co-trustee.
F19 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.