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Filing Details

Accession Number:: 0001596532-22-000273
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-09-14 17:52:02
Reporting Period:: 2022-09-12

Accepted Time:: 2022-09-14 17:52:02
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
1605808	Kenneth Duda	5453 Great America Parkway Santa Clara CA 95054	Cto And Svp Software Eng.	No	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	Acquisiton	2022-09-12	20,000	$7.67	23,244	No	4	M	Direct
Common Stock	Disposition	2022-09-12	11,931	$124.70	11,313	No	4	S	Direct
Common Stock	Disposition	2022-09-12	5,912	$125.24	5,401	No	4	S	Direct
Common Stock	Disposition	2022-09-12	2,157	$126.27	3,244	No	4	S	Direct
Common Stock	Disposition	2022-09-12	9,545	$124.70	407,763	No	4	S	Indirect	By Childrens' Trust
Common Stock	Disposition	2022-09-12	4,729	$125.24	403,034	No	4	S	Indirect	By Childrens' Trust
Common Stock	Disposition	2022-09-12	1,726	$126.27	401,308	No	4	S	Indirect	By Childrens' Trust
Common Stock	Disposition	2022-09-12	2,700	$124.74	258,900	No	4	S	Indirect	By Foundation
Common Stock	Disposition	2022-09-12	700	$125.90	258,200	No	4	S	Indirect	By Foundation
Common Stock	Disposition	2022-09-12	100	$126.50	258,100	No	4	S	Indirect	By Foundation

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Indirect	By Childrens' Trust
No	4	S	Indirect	By Childrens' Trust
No	4	S	Indirect	By Childrens' Trust
No	4	S	Indirect	By Foundation
No	4	S	Indirect	By Foundation
No	4	S	Indirect	By Foundation

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	2022-09-12	20,000	$0.00	20,000	$7.67

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
300,000		2024-02-10	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	354,000	Indirect	By GRAT JD
Common Stock	354,000	Indirect	By GRAT KD
Common Stock	35,925	Indirect	by Trust

Footnotes

The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on March 14, 2022.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.96 to $124.95, 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 $124.96 to $125.92, 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 $125.96 to $126.60, 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 multiple trusts 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 sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on December 13, 2021 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.21 to $125.09, 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 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.39 to $126.33, 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.
Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
These shares are held by a family trust for which the reporting person is co-trustee.
1/5th of the shares subject to the option vested and become exercisable on December 1, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.