Kenneth Duda - Jun 13, 2024 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Stock symbol
ANET
Transactions as of
Jun 13, 2024
Transactions value $
-$12,613,641
Form type
4
Date filed
6/17/2024, 06:23 PM
Previous filing
Jun 13, 2024
Next filing
Jul 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $342K +20K +616.52% $17.09* 23.2K Jun 13, 2024 Direct F1
transaction ANET Common Stock Sale -$198K -617 -2.65% $320.82 22.6K Jun 13, 2024 Direct F1, F2
transaction ANET Common Stock Sale -$276K -859 -3.8% $321.09 21.8K Jun 13, 2024 Direct F1, F3
transaction ANET Common Stock Sale -$299K -926 -4.25% $322.90 20.8K Jun 13, 2024 Direct F1, F4
transaction ANET Common Stock Sale -$911K -2.81K -13.49% $324.01 18K Jun 13, 2024 Direct F1, F5
transaction ANET Common Stock Sale -$791K -2.43K -13.49% $325.07 15.6K Jun 13, 2024 Direct F1, F6
transaction ANET Common Stock Sale -$1.94M -5.95K -38.15% $326.08 9.65K Jun 13, 2024 Direct F1, F7
transaction ANET Common Stock Sale -$700K -2.14K -22.18% $326.97 7.51K Jun 13, 2024 Direct F1, F8
transaction ANET Common Stock Sale -$297K -905 -12.06% $327.93 6.6K Jun 13, 2024 Direct F1, F9
transaction ANET Common Stock Sale -$703K -2.14K -32.37% $329.10 4.47K Jun 13, 2024 Direct F1, F10
transaction ANET Common Stock Sale -$403K -1.22K -27.35% $329.99 3.24K Jun 13, 2024 Direct F1, F11
transaction ANET Common Stock Sale -$158K -494 -0.12% $320.82 424K Jun 13, 2024 By Childrens' Trust F2, F12, F13
transaction ANET Common Stock Sale -$221K -687 -0.16% $321.81 423K Jun 13, 2024 By Childrens' Trust F3, F12, F13
transaction ANET Common Stock Sale -$239K -740 -0.17% $322.90 423K Jun 13, 2024 By Childrens' Trust F4, F12, F13
transaction ANET Common Stock Sale -$728K -2.25K -0.53% $324.01 420K Jun 13, 2024 By Childrens' Trust F5, F12, F13
transaction ANET Common Stock Sale -$633K -1.95K -0.46% $325.07 419K Jun 13, 2024 By Childrens' Trust F6, F12, F13
transaction ANET Common Stock Sale -$1.55M -4.76K -1.14% $326.08 414K Jun 13, 2024 By Childrens' Trust F7, F12, F13
transaction ANET Common Stock Sale -$560K -1.71K -0.41% $326.97 412K Jun 13, 2024 By Childrens' Trust F8, F12, F13
transaction ANET Common Stock Sale -$238K -725 -0.18% $327.93 411K Jun 13, 2024 By Childrens' Trust F9, F12, F13
transaction ANET Common Stock Sale -$563K -1.71K -0.42% $329.10 410K Jun 13, 2024 By Childrens' Trust F10, F12, F13
transaction ANET Common Stock Sale -$323K -978 -0.24% $329.99 409K Jun 13, 2024 By Childrens' Trust F11, F12, F13
transaction ANET Common Stock Sale -$39.8K -124 -0.06% $320.82 198K Jun 13, 2024 By Foundation F2, F14, F15
transaction ANET Common Stock Sale -$55.4K -172 -0.09% $321.81 198K Jun 13, 2024 By Foundation F3, F14, F15
transaction ANET Common Stock Sale -$59.7K -185 -0.09% $322.90 198K Jun 13, 2024 By Foundation F4, F14, F15
transaction ANET Common Stock Sale -$182K -562 -0.28% $324.01 198K Jun 13, 2024 By Foundation F5, F14, F15
transaction ANET Common Stock Sale -$158K -487 -0.25% $325.07 197K Jun 13, 2024 By Foundation F6, F14, F15
transaction ANET Common Stock Sale -$388K -1.19K -0.6% $326.08 196K Jun 13, 2024 By Foundation F7, F14, F15
transaction ANET Common Stock Sale -$140K -428 -0.22% $326.97 195K Jun 13, 2024 By Foundation F8, F14, F15
transaction ANET Common Stock Sale -$59.4K -181 -0.09% $327.93 195K Jun 13, 2024 By Foundation F9, F14, F15
transaction ANET Common Stock Sale -$141K -427 -0.22% $329.10 195K Jun 13, 2024 By Foundation F10, F14, F15
* 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 March 14, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $320.50 to $320.95, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $321.50 to $322.48, 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 $322.51 to $323.49, 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 $323.52 to $324.50, 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 $324.53 to $325.52, 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 $325.53 to $326.5276, 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 $326.54 to $327.50, 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 $327.54 to $328.48, 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 $328.60 to $329.59, 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 $329.60 to $330.50, 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 March 14, 2024.
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 March 14, 2024 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.
F15 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.