Marc Taxay - 03 Jan 2022 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
Issuer symbol: ANET
Transactions as of: 03 Jan 2022
Net transactions value: -$1,503,796
Form type: 4
Filing time: 05 Jan 2022, 18:29:52 UTC
Previous filing: 03 Dec 2021
Next filing: 03 Feb 2022
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	$9,392	+668		$14.06^*	668	03 Jan 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$508,669	+8,332	+1247%	$61.05	9,000	03 Jan 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$178,189	+2,916	+32%	$61.11	11,916	03 Jan 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$330,004	+5,832	+49%	$56.58	17,748	03 Jan 2022	Direct	F1
transaction	ANET	Common Stock	Sale	$690,598	-4,859	-27%	$142.13	12,889	03 Jan 2022	Direct	F1, F2
transaction	ANET	Common Stock	Sale	$1,642,522	-11,521	-89%	$142.57	1,368	03 Jan 2022	Direct	F1, F3
transaction	ANET	Common Stock	Sale	$196,929	-1,368	-100%	$143.95	0	03 Jan 2022	Direct	F1, F4

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	-668	-33%	$0.000000	1,332	03 Jan 2022	Common Stock	668	$14.06	Direct	F1, F5
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-5,832	-29%	$0.000000	14,168	03 Jan 2022	Common Stock	5,832	$56.58	Direct	F1, F6
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-8,332	-42%	$0.000000	11,668	03 Jan 2022	Common Stock	8,332	$61.05	Direct	F1, F7
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-2,916	-29%	$0.000000	7,084	03 Jan 2022	Common Stock	2,916	$61.11	Direct	F1, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 15, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.31 to $142.30, 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 $142.31 to $143.29, 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 $143.32 to $144.09, 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	1/60th of the shares subject to the option vested and became exercisable on April 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
F6	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.
F7	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.
F8	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.