John F. McCool - 08 Dec 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
08 Dec 2023
Net transactions value
-$188,394
Form type
4
Filing time
12 Dec 2023, 18:53:43 UTC
Previous filing
24 Nov 2023
Next filing
04 Jan 2024
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 08 Dec 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $10,266 +168 +30% $61.11 728 08 Dec 2023 by Trust F1, F2
transaction ANET Common Stock Options Exercise $23,539 +416 +57% $56.58 1,144 08 Dec 2023 by Trust F1, F2
transaction ANET Common Stock Sale $247,596 -1,144 -100% $216.43 0 08 Dec 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 -8.3% $0.000000 4,584 08 Dec 2023 Common Stock 416 $56.58 Direct F1, F3
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -416 -17% $0.000000 2,084 08 Dec 2023 Common Stock 416 $61.05 Direct F1, F4
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -168 -8.4% $0.000000 1,832 08 Dec 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, 2023.
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.