| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ANET | Common Stock | Options Exercise | $611K | +10K | +11.25% | $61.05 | 98.9K | Nov 2, 2023 | Direct | F1 |
| transaction | ANET | Common Stock | Options Exercise | $707K | +12.5K | +12.64% | $56.59 | 111K | Nov 2, 2023 | Direct | F1 |
| transaction | ANET | Common Stock | Sale | -$460K | -2.2K | -1.98% | $209.26 | 109K | Nov 2, 2023 | Direct | F1, F2 |
| transaction | ANET | Common Stock | Sale | -$1.03M | -4.87K | -4.46% | $210.59 | 104K | Nov 2, 2023 | Direct | F3, F4 |
| transaction | ANET | Common Stock | Sale | -$2.5M | -11.8K | -11.34% | $211.52 | 92.5K | Nov 2, 2023 | Direct | F1, F5 |
| transaction | ANET | Common Stock | Sale | -$468K | -2.2K | -2.38% | $212.38 | 90.3K | Nov 2, 2023 | Direct | F1, F6 |
| transaction | ANET | Common Stock | Sale | -$299K | -1.4K | -1.55% | $213.42 | 88.9K | Nov 2, 2023 | Direct | F1, F7 |
| transaction | ANET | Common Stock | Sale | -$891K | -4.2K | -0.24% | $212.26 | 1.73M | Nov 2, 2023 | By Trust for Child 1 | F8, F9 |
| transaction | ANET | Common Stock | Sale | -$891K | -4.2K | -0.24% | $212.26 | 1.73M | Nov 2, 2023 | By Trust for Child 2 | F8, F9 |
| transaction | ANET | Common Stock | Sale | -$2.12M | -10K | -0.15% | $212.26 | 6.75M | Nov 2, 2023 | by Trust | F1, F10 |
| holding | ANET | Common Stock | 12K | Nov 2, 2023 | By Trust for Nephew | F11 | |||||
| holding | ANET | Common Stock | 12K | Nov 2, 2023 | By Trust for Niece | F11 |
| 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 | -12.5K | -55.56% | $0.00 | 10K | Nov 2, 2023 | Common Stock | 12.5K | $56.59 | Direct | F1, F12 |
| transaction | ANET | Non-Qualified Stock Option (right to buy) | Options Exercise | $0 | -10K | -71.43% | $0.00 | 4K | Nov 2, 2023 | Common Stock | 0 | $61.05 | Direct | F1, F13 |
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).
| Id | Content |
|---|---|
| F1 | 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. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.74 to $209.73, 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 | Five percent (5%) of the restricted stock units awarded vested on February 20, 2017 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.03 to $211.02, 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. |
| F5 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.05 to $212.00, 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. |
| F6 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.07 to $212.98, 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. |
| F7 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $213.17 to $213.95, 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. |
| F8 | 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. |
| F9 | 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. |
| F10 | These shares are held by a family trust for which the reporting person is co-trustee. |
| F11 | 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. |
| F12 | 1/48th of the shares subject to the option vested on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter. |
| F13 | 1/48th of the shares subject to the option vested on June 1, 2020 and 1/48th of the shares subject to the option shall vest monthly thereafter. |