Marc Taxay - 01 Feb 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: 01 Feb 2022
Net transactions value: -$141,212
Form type: 4
Filing time: 03 Feb 2022, 20:28:35 UTC
Previous filing: 05 Jan 2022
Next filing: 15 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	$9,336	+664		$14.06^*	664	01 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$25,641	+420	+63%	$61.05	1,084	01 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$12,710	+208	+19%	$61.11	1,292	01 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$23,766	+420	+33%	$56.58	1,712	01 Feb 2022	Direct	F1
transaction	ANET	Common Stock	Sale	$212,665	-1,712	-100%	$124.22	0	01 Feb 2022	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	-664	-50%	$0.000000	668	01 Feb 2022	Common Stock	664	$14.06	Direct	F1, F2
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-420	-3%	$0.000000	13,748	01 Feb 2022	Common Stock	420	$56.58	Direct	F1, F3
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-420	-3.6%	$0.000000	11,248	01 Feb 2022	Common Stock	420	$61.05	Direct	F1, F4
transaction	ANET	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-208	-2.9%	$0.000000	6,876	01 Feb 2022	Common Stock	208	$61.11	Direct	F1, F5

* 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	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.
F3	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.
F4	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.
F5	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.