Filing Details
- Accession Number:
- 0001596532-23-000024
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-14 18:41:02
- Reporting Period:
- 2023-02-10
- Accepted Time:
- 2023-02-14 18:41:02
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-02-10 | 20,000 | $7.67 | 23,244 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-10 | 7,623 | $132.95 | 15,621 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-10 | 10,382 | $133.83 | 5,239 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-10 | 1,773 | $134.55 | 3,466 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-10 | 222 | $135.45 | 3,244 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-10 | 6,098 | $132.95 | 331,210 | No | 4 | S | Indirect | By Childrens' Trust |
| Common Stock | Disposition | 2023-02-10 | 8,306 | $133.83 | 322,904 | No | 4 | S | Indirect | By Childrens' Trust |
| Common Stock | Disposition | 2023-02-10 | 1,418 | $134.55 | 321,486 | No | 4 | S | Indirect | By Childrens' Trust |
| Common Stock | Disposition | 2023-02-10 | 178 | $135.45 | 321,308 | No | 4 | S | Indirect | By Childrens' Trust |
| Common Stock | Disposition | 2023-02-10 | 1,600 | $133.06 | 242,500 | No | 4 | S | Indirect | By Foundation |
| Common Stock | Disposition | 2023-02-10 | 1,700 | $133.99 | 240,800 | No | 4 | S | Indirect | By Foundation |
| Common Stock | Disposition | 2023-02-10 | 200 | $135.19 | 240,600 | 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 | 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 Childrens' Trust |
| No | 4 | S | Indirect | By Foundation |
| No | 4 | S | Indirect | By Foundation |
| No | 4 | S | Indirect | By Foundation |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2023-02-10 | 20,000 | $0.00 | 20,000 | $7.67 |
| Common Stock | Restricted Stock Unit-11 | Acquisiton | 2023-02-10 | 16,590 | $0.00 | 16,590 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 200,000 | 2024-02-10 | No | 4 | M | Direct | |
| 16,590 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 293,444 | Indirect | By GRAT JD |
| Common Stock | 293,444 | Indirect | By GRAT KD |
| Common Stock | 164,117 | 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 $132.38 to $133.37, 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 $133.38 to $134.37, 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 $134.38 to $135.20, 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 a Child 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.
- 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 $132.52 to $133.42, 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.
- 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 $133.56 to $134.52, 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 $134.93 to $135.45, 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.
- 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.
- Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on on February 20, 2024 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.
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