Kenneth Duda - 12 Feb 2024 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Issuer symbol
ANET
Transactions as of
12 Feb 2024
Net transactions value
-$10,887,691
Form type
4
Filing time
14 Feb 2024, 20:33:29 UTC
Previous filing
13 Feb 2024
Next filing
22 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $341,700 +20,000 +617% $17.08* 23,244 12 Feb 2024 Direct F1
transaction ANET Common Stock Sale $412,088 -1,463 -6.3% $281.67 21,781 12 Feb 2024 Direct F1, F2
transaction ANET Common Stock Sale $1,327,708 -4,701 -22% $282.43 17,080 12 Feb 2024 Direct F1, F3
transaction ANET Common Stock Sale $889,294 -3,137 -18% $283.49 13,943 12 Feb 2024 Direct F1, F4
transaction ANET Common Stock Sale $1,497,418 -5,264 -38% $284.46 8,679 12 Feb 2024 Direct F1, F5
transaction ANET Common Stock Sale $804,395 -2,819 -32% $285.35 5,860 12 Feb 2024 Direct F1, F6
transaction ANET Common Stock Sale $230,137 -804 -14% $286.24 5,056 12 Feb 2024 Direct F1, F7
transaction ANET Common Stock Sale $179,025 -621 -12% $288.29 4,435 12 Feb 2024 Direct F1, F8
transaction ANET Common Stock Sale $63,397 -219 -4.9% $289.48 4,216 12 Feb 2024 Direct F1, F9
transaction ANET Common Stock Sale $153,564 -529 -13% $290.29 3,687 12 Feb 2024 Direct F1, F10
transaction ANET Common Stock Sale $129,152 -443 -12% $291.54 3,244 12 Feb 2024 Direct F1, F11
transaction ANET Common Stock Sale $329,839 -1,171 -0.4% $281.67 290,097 12 Feb 2024 By Childrens' Trust F2, F12, F13
transaction ANET Common Stock Sale $1,061,941 -3,760 -1.3% $282.43 286,337 12 Feb 2024 By Childrens' Trust F3, F12, F13
transaction ANET Common Stock Sale $711,265 -2,509 -0.88% $283.49 283,828 12 Feb 2024 By Childrens' Trust F4, F12, F13
transaction ANET Common Stock Sale $1,197,877 -4,211 -1.5% $284.46 279,617 12 Feb 2024 By Childrens' Trust F5, F12, F13
transaction ANET Common Stock Sale $643,459 -2,255 -0.81% $285.35 277,362 12 Feb 2024 By Childrens' Trust F6, F12, F13
transaction ANET Common Stock Sale $184,053 -643 -0.23% $286.24 276,719 12 Feb 2024 By Childrens' Trust F7, F12, F13
transaction ANET Common Stock Sale $142,990 -496 -0.18% $288.29 276,223 12 Feb 2024 By Childrens' Trust F8, F12, F13
transaction ANET Common Stock Sale $50,660 -175 -0.06% $289.48 276,048 12 Feb 2024 By Childrens' Trust F9, F12, F13
transaction ANET Common Stock Sale $122,793 -423 -0.15% $290.29 275,625 12 Feb 2024 By Childrens' Trust F10, F12, F13
transaction ANET Common Stock Sale $104,080 -357 -0.13% $291.54 275,268 12 Feb 2024 By Childrens' Trust F11, F12, F13
transaction ANET Common Stock Sale $70,312 -250 -0.12% $281.25 201,850 12 Feb 2024 By Foundation F14, F15, F16
transaction ANET Common Stock Sale $180,922 -641 -0.32% $282.25 201,209 12 Feb 2024 By Foundation F14, F16, F17
transaction ANET Common Stock Sale $169,997 -600 -0.3% $283.33 200,609 12 Feb 2024 By Foundation F14, F16, F18
transaction ANET Common Stock Sale $284,875 -1,002 -0.5% $284.31 199,607 12 Feb 2024 By Foundation F14, F16, F19
transaction ANET Common Stock Sale $186,552 -654 -0.33% $285.25 198,953 12 Feb 2024 By Foundation F14, F16, F20
transaction ANET Common Stock Sale $28,630 -100 -0.05% $286.30 198,853 12 Feb 2024 By Foundation F14, F16, F21
transaction ANET Common Stock Sale $29,587 -103 -0.05% $287.26 198,750 12 Feb 2024 By Foundation F14, F16, F22
transaction ANET Common Stock Sale $28,848 -100 -0.05% $288.48 198,650 12 Feb 2024 By Foundation F14, F16, F23
transaction ANET Common Stock Sale $14,532 -50 -0.03% $290.64 198,600 12 Feb 2024 By Foundation F14, F16
* 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 sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on February 24, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.00 to $281.99, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.00 to $282.975, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $283.00 to $283.985, 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 $284.00 to $284.99, 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 $285.00 to $285.96, 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 $286.01 to $286.99, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.73 to $288.53, 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.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288.91 to $289.83, 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.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.05 to $290.79, 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.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.54 to $291.54, 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.
F12 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 children on February 24, 2023.
F13 These shares are held in a trust for the benefit of a Child 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.
F14 The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on December 12, 2022 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.78 to $281.56, 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.
F16 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.81 to $282.75, 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.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.835 to $283.81, 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.
F19 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $283.87 to $284.81, 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.
F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $284.885 to $285.53, 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.
F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $285.91 to $286.68, 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.
F22 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.08 to $287.54, 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.
F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288.46 to $288.51, 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.