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Filing Details

Accession Number:: 0001596532-21-000189
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-05-24 21:12:53
Reporting Period:: 2021-05-20

Accepted Time:: 2021-05-24 21:12:53
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
Common Stock	Acquisiton	2021-05-20	2,063	$0.00	2,589	No	4	M	Direct
Common Stock	Acquisiton	2021-05-20	1,250	$0.00	3,839	No	4	M	Direct
Common Stock	Acquisiton	2021-05-20	262	$0.00	4,101	No	4	M	Direct
Common Stock	Disposition	2021-05-20	1,773	$335.93	2,328	No	4	F	Direct
Common Stock	Disposition	2021-05-21	180	$331.40	2,148	No	4	S	Direct
Common Stock	Disposition	2021-05-21	634	$332.73	1,514	No	4	S	Direct
Common Stock	Disposition	2021-05-21	676	$333.67	838	No	4	S	Direct
Common Stock	Disposition	2021-05-21	180	$335.59	658	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit-1	Disposition	2021-05-20	2,063	$0.00	2,063	$0.00
Common Stock	Restricted Stock Unit-2	Disposition	2021-05-20	1,250	$0.00	1,250	$0.00
Common Stock	Restricted Stock Unit-4	Disposition	2021-05-20	262	$0.00	262	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,125	No	4	M	Direct
8,750	No	4	M	Direct
2,871	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	564,000	Indirect	By Trust for Child 1
Common Stock	564,000	Indirect	By Trust for Child 2
Common Stock	5,000	Indirect	By Trust for Nephew
Common Stock	5,000	Indirect	By Trust for Niece
Common Stock	2,067,998	Indirect	by Trust

Footnotes

Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
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 $331.01 to $331.79, 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 $332.23 to $333.19, 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 $333.28 to $333.99, 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 $335.35 to $335.83, 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.
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.
These shares are held by a family trust for which the reporting person is co-trustee.
Five percent (5%) of the 41,250 restricted stock units awarded vested on February 20, 2017 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.
Six and one-quarter percent (6.25%) of the 20,000 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.
This performance stock award was granted in the first quarter of 2020 and was earned based on attainment of certain performance conditions. The award vested (25%) on February 22, 2021, and will continue to vest at a rate of 6.25% quarterly 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.