Marc Taxay - 22 Aug 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: 22 Aug 2022
Transactions value $: -$717,705
Form type: 4
Filing time: 24 Aug 2022, 19:43:27 UTC
Previous filing: 03 Aug 2022
Next filing: 06 Sep 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	$0	+2,400		$0	2,400	22 Aug 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1,248	+52%	$0	3,648	22 Aug 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+876	+24.01%	$0	4,524	22 Aug 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1,564	+34.57%	$0	6,088	22 Aug 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+2,548	+41.85%	$0	8,636	22 Aug 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+1,304	+15.1%	$0	9,940	22 Aug 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+678	+6.82%	$0	10,618	22 Aug 2022	Direct	F1
transaction	ANET	Common Stock	Options Exercise	$0	+760	+7.16%	$0	11,378	22 Aug 2022	Direct	F1
transaction	ANET	Common Stock	Tax liability	-$717,705	-5,645	-49.61%	$127.14	5,733	22 Aug 2022	Direct	F2

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	Restricted Stock Unit-11	Options Exercise	$0	-678	-14.22%	$0	4,089	22 Aug 2022	Common Stock	678	$0	Direct	F1, F3
transaction	ANET	Restricted Stock Unit-12	Options Exercise	$0	-760	-14.22%	$0	4,584	22 Aug 2022	Common Stock	760	$0	Direct	F1, F4
transaction	ANET	Restricted Stock Unit-4	Options Exercise	$0	-2,400	-50%	$0	2,400	22 Aug 2022	Common Stock	2,400	$0	Direct	F1, F5
transaction	ANET	Restricted Stock Unit-5	Options Exercise	$0	-1,248	-33.3%	$0	2,500	22 Aug 2022	Common Stock	1,248	$0	Direct	F1, F6
transaction	ANET	Restricted Stock Unit-6	Options Exercise	$0	-876	-11.12%	$0	7,000	22 Aug 2022	Common Stock	876	$0	Direct	F1, F7
transaction	ANET	Restricted Stock Unit-7	Options Exercise	$0	-1,564	-11.12%	$0	12,500	22 Aug 2022	Common Stock	1,564	$0	Direct	F1, F8
transaction	ANET	Restricted Stock Unit-8	Options Exercise	$0	-2,548	-9.1%	$0	25,448	22 Aug 2022	Common Stock	2,548	$0	Direct	F1, F9
transaction	ANET	Restricted Stock Unit-9	Options Exercise	$0	-1,304	-7.14%	$0	16,964	22 Aug 2022	Common Stock	1,304	$0	Direct	F1, F10

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
F2	Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F3	This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests 1/3 on February 22, 2022, and will continue to vest quarterly over 2 years. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F4	This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests 1/3 on February 22, 2022, and will continue to vest quarterly over 2 years. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F5	Five percent (5%) of the restricted stock units awarded vested on February 20, 2018 and five percent (5%) of the award will continue to vest on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.
F6	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on May 20, 2019 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F7	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on November 20, 2020 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F8	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on November 20, 2020 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F9	Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on May 20, 2021 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
F10	Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on February 20, 2022 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.