Arista Networks, Inc. — Director's Dealing 2021

Dec 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2021-12-06

Reporting Person: BECHTOLSHEIM ANDREAS (Director, Chief Development Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-06	Common Stock	M	1332	$5.6225	Acquired	89761	Direct
2021-12-06	Common Stock	M	6668	$14.06	Acquired	96429	Direct
2021-12-06	Common Stock	M	5500	$23.8775	Acquired	101929	Direct
2021-12-06	Common Stock	M	668	$61.05	Acquired	102597	Direct
2021-12-06	Common Stock	M	832	$56.585	Acquired	103429	Direct
2021-12-06	Common Stock	S	3000	$119.6735	Disposed	100429	Direct
2021-12-06	Common Stock	S	3920	$120.5008	Disposed	96509	Direct
2021-12-06	Common Stock	S	7734	$121.7524	Disposed	88775	Direct
2021-12-06	Common Stock	S	346	$122.228	Disposed	88429	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-06	Non-Qualified Stock Option (right to buy)	$5.6225	M	1332	Disposed	2024-01-12	Common Stock (1332)	Direct
2021-12-06	Non-Qualified Stock Option (right to buy)	$14.06	M	6668	Disposed	2026-02-11	Common Stock (6668)	Direct
2021-12-06	Non-Qualified Stock Option (right to buy)	$23.8775	M	5500	Disposed	2027-02-05	Common Stock (5500)	Direct
2021-12-06	Non-Qualified Stock Option (right to buy)	$56.585	M	832	Disposed	2029-02-07	Common Stock (832)	Direct
2021-12-06	Non-Qualified Stock Option (right to buy)	$61.05	M	668	Disposed	2028-04-12	Common Stock (668)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	47920000	Indirect

Footnotes

F1: The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on June 14, 2021.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.11 to $120.09, 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.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.115 to $121.06, 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 $121.15 to $122.14, 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: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.15 to $122.31, 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.

F6: These shares are held by a family trust for which the reporting person is a trustee.

F7: 1/5th of the shares subject to the option vested and became exercisable on December 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.

F8: 1/60th of the shares subject to the option vested on January 1, 2017 and 1/60th of the shares subject to the option shall continue to vest each month thereafter.

F9: 1/5th of the shares subject to the option vested and became exercisable on February 6, 2018 and 1/60th of the shares subject to the option shall vest each month thereafter.

F10: 1/48th of the shares subject to the option vested and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.

F11: 1/48th of the shares subject to the option vested and become exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.