John F. McCool - Aug 1, 2023 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
Chief Platform Officer
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: John F. McCool
Stock symbol
ANET
Transactions as of
Aug 1, 2023
Transactions value $
-$118,784
Form type
4
Date filed
8/3/2023, 06:28 PM
Previous filing
Jul 6, 2023
Next filing
Aug 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $25.6K +420 +583.33% $61.05 492 Aug 1, 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $10.3K +168 +34.15% $61.11 660 Aug 1, 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $23.8K +420 +63.64% $56.59 1.08K Aug 1, 2023 by Trust F1, F2
transaction ANET Common Stock Sale -$178K -1.01K -93.33% $177.04 72 Aug 1, 2023 by Trust 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 -420 -6.3% $0.00 6.25K Aug 1, 2023 Common Stock 420 $56.59 Direct F1, F3
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -420 -10.08% $0.00 3.75K Aug 1, 2023 Common Stock 420 $61.05 Direct F1, F4
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -168 -6.3% $0.00 2.5K Aug 1, 2023 Common Stock 168 $61.11 Direct F1, F5
* 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 sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2022.
F2 These shares are held by a family trust for which the reporting person is co-trustee.
F3 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.
F4 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.
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.