Arista Networks, Inc. — Director's Dealing 2021

Dec 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2021-12-01

Reporting Person: Sadana Anshul (SVP, Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-01	Common Stock	M	1600	$5.6225	Acquired	17717	Direct
2021-12-01	Common Stock	M	6668	$7.6675	Acquired	24385	Direct
2021-12-01	Common Stock	M	3332	$17.085	Acquired	27717	Direct
2021-12-01	Common Stock	M	1332	$16.115	Acquired	29049	Direct
2021-12-01	Common Stock	M	1668	$14.06	Acquired	30717	Direct
2021-12-01	Common Stock	M	668	$61.05	Acquired	31385	Direct
2021-12-01	Common Stock	M	332	$61.1075	Acquired	31717	Direct
2021-12-01	Common Stock	M	1168	$56.585	Acquired	32885	Direct
2021-12-01	Common Stock	M	168	$66.055	Acquired	33053	Direct
2021-12-01	Common Stock	S	2896	$122.5223	Disposed	30157	Direct
2021-12-01	Common Stock	S	2539	$123.482	Disposed	27618	Direct
2021-12-01	Common Stock	S	4000	$124.5618	Disposed	23618	Direct
2021-12-01	Common Stock	S	7501	$125.2595	Disposed	16117	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-01	Non-Qualified Stock Option (right to buy)	$5.6225	M	1600	Disposed	2024-01-12	Common Stock (1600)	Direct
2021-12-01	Non-Qualified Stock Option (right to buy)	$7.6675	M	6668	Disposed	2024-02-10	Common Stock (6668)	Direct
2021-12-01	Non-Qualified Stock Option (right to buy)	$14.06	M	1668	Disposed	2026-02-11	Common Stock (1668)	Direct
2021-12-01	Non-Qualified Stock Option (right to buy)	$16.115	M	1332	Disposed	2025-09-10	Common Stock (1332)	Direct
2021-12-01	Non-Qualified Stock Option (right to buy)	$17.085	M	3332	Disposed	2024-12-15	Common Stock (3332)	Direct
2021-12-01	Non-Qualified Stock Option (right to buy)	$56.585	M	1168	Disposed	2029-02-07	Common Stock (1168)	Direct
2021-12-01	Non-Qualified Stock Option (right to buy)	$61.05	M	668	Disposed	2028-04-12	Common Stock (668)	Direct
2021-12-01	Non-Qualified Stock Option (right to buy)	$61.1075	M	332	Disposed	2028-11-08	Common Stock (332)	Direct
2021-12-01	Non-Qualified Stock Option (right to buy)	$66.055	M	168	Disposed	2029-05-09	Common Stock (168)	Direct

Footnotes

F1: The exercise and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 14, 2020.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.98 to $122.94, 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 $122.98 to $123.94, 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 $123.98 to $124.96, 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 $124.98 to $125.69, 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: 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.

F7: 1/5th of the shares subject to the option vested and became exercisable on December 1, 2018 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 and became exercisable on April 1, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter.

F9: 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.

F10: 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.

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

F12: 1/48th of the shares subject to the option vested and became exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.

F13: 1/48th of the shares subject to the option vested and became exercisable on June 10, 2019 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.