Marc Taxay - May 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
May 1, 2023
Transactions value $
-$105,723
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 Options Exercise $25.4K +416 $61.05 416 May 1, 2023 Direct F1
transaction ANET Common Stock Options Exercise $13K +212 +50.96% $61.11 628 May 1, 2023 Direct F1
transaction ANET Common Stock Options Exercise $23.5K +416 +66.24% $56.59 1.04K May 1, 2023 Direct F1
transaction ANET Common Stock Sale -$168K -1.04K -100% $160.55 0 May 1, 2023 Direct F1

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 -5.26% $0.00 7.5K May 1, 2023 Common Stock 416 $56.59 Direct F1, F2
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -416 -7.68% $0.00 5K May 1, 2023 Common Stock 416 $61.05 Direct F1, F3
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -212 -5.35% $0.00 3.75K May 1, 2023 Common Stock 212 $61.11 Direct F1, F4
* 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 sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 14, 2022.
F2 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.
F3 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.
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.