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Filing Details

Accession Number:: 0001596532-21-000012
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-01-06 21:09:47
Reporting Period:: 2021-01-04

Accepted Time:: 2021-01-06 21:09:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1596532	Arista Networks Inc.	ANET	Computer Communications Equipment (3576)	201751121

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1605809	Jayshree Ullal	5453 Great America Parkway Santa Clara CA 95054	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2021-01-04	1,584	$285.84	578,603	No	4	S	Indirect	By Trust for Child 2
Common Stock	Disposition	2021-01-04	2,777	$287.11	575,826	No	4	S	Indirect	By Trust for Child 2
Common Stock	Disposition	2021-01-04	3,892	$288.38	571,934	No	4	S	Indirect	By Trust for Child 2
Common Stock	Disposition	2021-01-04	4,306	$289.63	567,628	No	4	S	Indirect	By Trust for Child 2
Common Stock	Disposition	2021-01-04	1,894	$290.12	565,734	No	4	S	Indirect	By Trust for Child 2
Common Stock	Disposition	2021-01-04	299	$291.16	565,435	No	4	S	Indirect	By Trust for Child 2
Common Stock	Disposition	2021-01-04	5,340	$281.22	2,147,224	No	4	S	Indirect	by Trust
Common Stock	Disposition	2021-01-04	17,524	$281.93	2,129,700	No	4	S	Indirect	by Trust
Common Stock	Disposition	2021-01-04	30,498	$283.00	2,099,202	No	4	S	Indirect	by Trust
Common Stock	Disposition	2021-01-04	21,049	$283.68	2,078,153	No	4	S	Indirect	by Trust
Common Stock	Disposition	2021-01-04	1,426	$285.02	2,076,727	No	4	S	Indirect	by Trust
Common Stock	Disposition	2021-01-04	2,594	$285.84	2,074,133	No	4	S	Indirect	by Trust
Common Stock	Disposition	2021-01-04	4,548	$287.11	2,069,585	No	4	S	Indirect	by Trust
Common Stock	Disposition	2021-01-04	6,376	$288.38	2,063,209	No	4	S	Indirect	by Trust
Common Stock	Disposition	2021-01-04	7,052	$289.63	2,056,157	No	4	S	Indirect	by Trust
Common Stock	Disposition	2021-01-04	3,102	$290.12	2,053,055	No	4	S	Indirect	by Trust
Common Stock	Disposition	2021-01-04	491	$291.16	2,052,564	No	4	S	Indirect	by Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Trust for Child 2
No	4	S	Indirect	By Trust for Child 2
No	4	S	Indirect	By Trust for Child 2
No	4	S	Indirect	By Trust for Child 2
No	4	S	Indirect	By Trust for Child 2
No	4	S	Indirect	By Trust for Child 2
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust
No	4	S	Indirect	by Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2021-01-04	333	$0.00	333	$22.49
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2021-01-04	1,667	$0.00	1,667	$56.24
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2021-01-04	209	$0.00	209	$226.34

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,667	2024-01-12	No	4	M	Direct
18,333	2026-02-11	No	4	M	Direct
9,583	2029-02-07	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	5,000	Indirect	By Trust for Nephew
Common Stock	5,000	Indirect	By Trust for Niece

Footnotes

The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person for the benefit of the reporting person's children on June 11, 2020.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $285.50 to $286.20, 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.
These shares are held in a trust for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $286.775 to $287.59, 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.92 to $288.875, 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288.95 to $289.93, 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $289.95 to $290.24, 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.
The exercises and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 11, 2020.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.43 to $281.425, 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.
These shares are held by a family trust for which the reporting person is co-trustee.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.43 to $282.42, 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.455 to $283.45, 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $283.455 to $284.40, 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $284.50 to $285.49, 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.
These shares are held in a trust for the benefit of a relative of the reporting person for which the reporting person serves as co-trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
1/5th of the 20,000 shares subject to the option vested and became exercisable on December 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
1/60th of the 100,000 shares subject to the option vested on January 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.
1/48th of the 10,000 shares subject to the option vested on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.