Marc Taxay - 03 Jan 2023 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 2023
Net transactions value
-$66,180
Form type
4
Filing time
05 Jan 2023, 17:55:15 UTC
Previous filing
05 Dec 2022
Next filing
03 Feb 2023
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 $25,397 +416 $61.05 416 03 Jan 2023 Direct F1
transaction ANET Common Stock Options Exercise $12,710 +208 +50% $61.11 624 03 Jan 2023 Direct F1
transaction ANET Common Stock Options Exercise $23,539 +416 +67% $56.58 1,040 03 Jan 2023 Direct F1
transaction ANET Common Stock Sale $127,826 -1,040 -100% $122.91 0 03 Jan 2023 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 -416 -4.3% $0.000000 9,168 03 Jan 2023 Common Stock 416 $56.58 Direct F1, F2
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -416 -5.9% $0.000000 6,668 03 Jan 2023 Common Stock 416 $61.05 Direct F1, F3
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -208 -4.3% $0.000000 4,584 03 Jan 2023 Common Stock 208 $61.11 Direct F1, F4
* 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 14, 2022.
F2 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.
F3 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.
F4 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.