Arista Networks, Inc. — Director's Dealing 2020

Aug 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2020-08-20

Reporting Person: Theodosopoulos Nikos (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-20	Common Stock	M	262	$0.0	Acquired	4512	Direct
2020-08-21	Common Stock	M	1250	$34.12	Acquired	5762	Direct
2020-08-21	Common Stock	S	700	$220.0343	Disposed	5062	Direct
2020-08-21	Common Stock	S	550	$221.9155	Disposed	4512	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-21	Non-Qualified Stock Option (right to buy)	$34.12	M	1250	Disposed	2024-03-27	Common Stock (1250)	Direct
2020-08-20	Restricted Stock Unit-2	$0.0	M	262	Disposed		Common Stock (262)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.

F2: The exercise and sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 27, 2019.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 219.62 to 220.55, 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.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 221.52 to 222.35, 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.

F5: 1/60th of the 25,000 shares subject to the option vest monthly from Vest Base Date over five years.

F6: The reporting person was granted 1,046 RSU's on May 27, 2020. 1/4th of the shares vested on August 20, 2020 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.