John F. McCool - 02 Oct 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
Issuer symbol
ANET
Transactions as of
02 Oct 2023
Net transactions value
-$124,824
Form type
4
Filing time
04 Oct 2023, 18:38:44 UTC
Previous filing
06 Sep 2023
Next filing
03 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $25,397 +416 +289% $61.05 560 02 Oct 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $10,022 +164 +29% $61.11 724 02 Oct 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $23,539 +416 +57% $56.58 1,140 02 Oct 2023 by Trust F1, F2
transaction ANET Common Stock Sale $183,782 -996 -87% $184.52 144 02 Oct 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 -416 -7.1% $0.000000 5,416 02 Oct 2023 Common Stock 416 $56.58 Direct F1, F3
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -416 -12% $0.000000 2,916 02 Oct 2023 Common Stock 416 $61.05 Direct F1, F4
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -164 -7% $0.000000 2,168 02 Oct 2023 Common Stock 164 $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.