Charles Giancarlo - May 1, 2023 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
Director
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Charles Giancarlo
Stock symbol
ANET
Transactions as of
May 1, 2023
Transactions value $
-$321,588
Form type
4
Date filed
5/3/2023, 06:22 PM
Previous filing
Apr 5, 2023
Next filing
May 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Sale -$146K -910 -1.1% $160.41 82K May 1, 2023 by Trust F1, F2, F3
transaction ANET Common Stock Sale -$176K -1.09K -1.33% $161.11 80.9K May 1, 2023 by Trust F1, F3, F4
holding ANET Common Stock 52.1K May 1, 2023 Direct
* 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 This sale was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on June 12, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.75 to $160.74, 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 These shares are held by a family trust for which the reporting person is co-trustee.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.75 to $161.71, 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.