Jayshree Ullal - Aug 1, 2023 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
President and CEO, Director
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Stock symbol
ANET
Transactions as of
Aug 1, 2023
Transactions value $
-$2,390,040
Form type
4
Date filed
8/3/2023, 06:29 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 Sale -$531K -3K -0.17% $177.04 1.75M Aug 1, 2023 By Trust for Child 1 F1, F2
transaction ANET Common Stock Sale -$531K -3K -0.17% $177.04 1.75M Aug 1, 2023 By Trust for Child 2 F1, F2
transaction ANET Common Stock Sale -$1.33M -7.5K -0.11% $177.04 6.79M Aug 1, 2023 by Trust F3, F4
holding ANET Common Stock 73.8K Aug 1, 2023 Direct
holding ANET Common Stock 12K Aug 1, 2023 By Trust for Nephew F5
holding ANET Common Stock 12K Aug 1, 2023 By Trust for Niece 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 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 relatives on September 14, 2022.
F2 These shares are held in trust for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
F3 The exercises 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 14, 2022.
F4 These shares are held by a family trust for which the reporting person is co-trustee.
F5 These shares are held in trust for the benefit of relatives 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.