John F. McCool - Feb 21, 2023 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: John F. McCool
Stock symbol
ANET
Transactions as of
Feb 21, 2023
Transactions value $
-$1,261,392
Form type
4
Date filed
2/23/2023, 04:48 PM
Previous filing
Feb 14, 2023
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $0 +1K +1388.89% $0.00 1.07K Feb 21, 2023 by Trust F1, F2, F3
transaction ANET Common Stock Options Exercise $0 +748 +69.78% $0.00 1.82K Feb 21, 2023 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +1.25K +68.57% $0.00 3.07K Feb 21, 2023 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +1.46K +47.46% $0.00 4.52K Feb 21, 2023 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +736 +16.27% $0.00 5.26K Feb 21, 2023 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +442 +8.4% $0.00 5.7K Feb 21, 2023 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +496 +8.7% $0.00 6.2K Feb 21, 2023 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +486 +7.84% $0.00 6.68K Feb 21, 2023 by Trust F1, F3
transaction ANET Common Stock Options Exercise $0 +2.75K +41.1% $0.00 9.43K Feb 21, 2023 by Trust F1, F3
transaction ANET Common Stock Tax liability -$516K -3.83K -40.63% $134.53 5.6K Feb 21, 2023 by Trust F3, F4
transaction ANET Common Stock Sale -$258K -1.92K -34.22% $134.44 3.68K Feb 22, 2023 by Trust F3, F5, F6
transaction ANET Common Stock Sale -$475K -3.51K -95.33% $135.20 172 Feb 22, 2023 by Trust F3, F5, F7
transaction ANET Common Stock Sale -$13.6K -100 -58.14% $135.94 72 Feb 22, 2023 by Trust F3, F5

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 Award $0 +2.75K $0.00 2.75K Feb 21, 2023 Common Stock 2.75K $0.00 Direct F1, F8
transaction ANET Restricted Stock Unit-11 Options Exercise $0 -2.75K -100% $0.00* 0 Feb 21, 2023 Common Stock 2.75K $0.00 Direct F1, F8
transaction ANET Restricted Stock Unit-2 Options Exercise $0 -1K -100% $0.00* 0 Feb 21, 2023 Common Stock 1K $0.00 Direct F1, F9
transaction ANET Restricted Stock Unit-3 Options Exercise $0 -748 -14.25% $0.00 4.5K Feb 21, 2023 Common Stock 748 $0.00 Direct F1, F10
transaction ANET Restricted Stock Unit-4 Options Exercise $0 -1.25K -14.27% $0.00 7.5K Feb 21, 2023 Common Stock 1.25K $0.00 Direct F1, F11
transaction ANET Restricted Stock Unit-5 Options Exercise $0 -1.46K -11.12% $0.00 11.6K Feb 21, 2023 Common Stock 1.46K $0.00 Direct F1, F12
transaction ANET Restricted Stock Unit-6 Options Exercise $0 -736 -8.34% $0.00 8.08K Feb 21, 2023 Common Stock 736 $0.00 Direct F1, F13
transaction ANET Restricted Stock Unit-7 Options Exercise $0 -486 -6.25% $0.00 7.28K Feb 21, 2023 Common Stock 486 $0.00 Direct F1, F14
transaction ANET Restricted Stock Unit-8 Options Exercise $0 -442 -20.16% $0.00 1.75K Feb 21, 2023 Common Stock 442 $0.00 Direct F1, F15
transaction ANET Restricted Stock Unit-9 Options Exercise $0 -496 -20.2% $0.00 1.96K Feb 21, 2023 Common Stock 496 $0.00 Direct F1, F16
* 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 Includes 72 shares acquired under the Arista Networks, Inc. 2014 Employee Stock Purchase Plan on February 15, 2023.
F3 These shares are held by a family trust for which the reporting person is co-trustee.
F4 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
F5 The exercise and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2022.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.88 to $134.87, 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 $134.88 to $135.74, 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 This performance stock award was granted in the first quarter of 2022 and was earned based on attainment of certain performance conditions. The award vested on February 21, 2023
F9 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, or November 20 of each year.
F10 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.
F11 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.
F12 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.
F13 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.
F14 Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on February 20, 2023 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.
F15 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.
F16 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.