Filing Details
- Accession Number:
- 0001596532-23-000288
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-11-06 19:13:14
- Reporting Period:
- 2023-11-02
- Accepted Time:
- 2023-11-06 19:13:14
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-11-02 | 10,000 | $61.05 | 98,859 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2023-11-02 | 12,500 | $56.59 | 111,359 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-11-02 | 2,200 | $209.26 | 109,159 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-02 | 4,869 | $210.59 | 104,290 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-02 | 11,827 | $211.52 | 92,463 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-02 | 2,204 | $212.38 | 90,259 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-02 | 1,400 | $213.42 | 88,859 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-11-02 | 4,200 | $212.26 | 1,728,000 | No | 4 | S | Indirect | By Trust for Child 1 |
| Common Stock | Disposition | 2023-11-02 | 4,200 | $212.26 | 1,728,000 | No | 4 | S | Indirect | By Trust for Child 2 |
| Common Stock | Disposition | 2023-11-02 | 10,000 | $212.26 | 6,749,492 | No | 4 | S | Indirect | by Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Indirect | By Trust for Child 1 |
| No | 4 | S | Indirect | By Trust for Child 2 |
| No | 4 | S | Indirect | by Trust |
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 | 2023-11-02 | 12,500 | $0.00 | 12,500 | $56.59 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2023-11-02 | 10,000 | $0.00 | 0 | $61.05 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,000 | 2029-02-07 | No | 4 | M | Direct | |
| 4,000 | 2028-04-12 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 12,000 | Indirect | By Trust for Nephew |
| Common Stock | 12,000 | Indirect | By Trust for Niece |
Footnotes
- 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 September 14, 2022.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.74 to $209.73, 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.
- Five percent (5%) of the 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.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.03 to $211.02, 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 $211.05 to $212.00, 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 $212.07 to $212.98, 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 $213.17 to $213.95, 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 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 relatives on September 14, 2022.
- These shares are held in 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 by a family trust for which the reporting person is co-trustee.
- These shares are held in trust for the benefit of relatives 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.
- 1/48th of the 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.
- 1/48th of the shares subject to the option vested on June 1, 2020 and 1/48th of the shares subject to the option shall vest monthly thereafter.
Billionaire Hedge Funds
