Jayshree Ullal - 04 Jun 2024 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
President and CEO, Director
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Jayshree Ullal
Issuer symbol
ANET
Transactions as of
04 Jun 2024
Net transactions value
-$196,818
Form type
4
Filing time
06 Jun 2024, 19:16:01 UTC
Previous filing
24 May 2024
Next filing
20 Jun 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 $47,079 +832 +4.7% $56.58 18,513 04 Jun 2024 Direct F1
transaction ANET Common Stock Sale $157,661 -539 -2.9% $292.51 17,974 04 Jun 2024 Direct F1, F2
transaction ANET Common Stock Sale $44,981 -153 -0.85% $293.99 17,821 04 Jun 2024 Direct F1, F3
transaction ANET Common Stock Sale $41,254 -140 -0.79% $294.68 17,681 04 Jun 2024 Direct F1, F4
holding ANET Common Stock 1,610,800 04 Jun 2024 By Trust for Child 1 F5
holding ANET Common Stock 1,610,800 04 Jun 2024 By Trust for Child 2 F5
holding ANET Common Stock 10,000 04 Jun 2024 By Trust for Nephew F6
holding ANET Common Stock 10,000 04 Jun 2024 By Trust for Niece F6
holding ANET Common Stock 6,402,492 04 Jun 2024 by Trust F7

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 -832 -12% $0.000000 5,836 04 Jun 2024 Common Stock 832 $56.58 Direct F1, F8
* 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 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 December 13, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.34 to $293.20, 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 $293.34 to $294.13, 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 $294.67 to $294.68, 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.
F5 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.
F6 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.
F7 These shares are held by a family trust for which the reporting person is co-trustee.
F8 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.