Marc Taxay - Apr 1, 2024 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
SVP and General Counsel
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Marc Taxay
Stock symbol
ANET
Transactions as of
Apr 1, 2024
Transactions value $
-$242,325
Form type
4
Date filed
4/3/2024, 07:16 PM
Previous filing
Mar 5, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $25.4K +416 $61.05* 416 Apr 1, 2024 Direct F1
transaction ANET Common Stock Options Exercise $12.7K +208 +50% $61.11* 624 Apr 1, 2024 Direct F1
transaction ANET Common Stock Options Exercise $23.5K +416 +66.67% $56.59* 1.04K Apr 1, 2024 Direct F1
transaction ANET Common Stock Sale -$304K -1.04K -100% $292.28 0 Apr 1, 2024 Direct F1

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 -12.48% $0.00 2.92K Apr 1, 2024 Common Stock 416 $56.59 Direct F1, F2
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -416 -50% $0.00 416 Apr 1, 2024 Common Stock 416 $61.05 Direct F1, F3
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -208 -12.47% $0.00 1.46K Apr 1, 2024 Common Stock 208 $61.11 Direct F1, F4
* 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 sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 14, 2023.
F2 1/48th of the shares subject to the option shall vest and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
F3 1/48th of the shares subject to the option shall vest and become exercisable on June 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 shall vest and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.