Arista Networks, Inc. — Director's Dealing 2021

Nov 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2021-11-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-23	Common Stock	M	7168	$23.8775	Acquired	95597	Direct
2021-11-23	Common Stock	M	2000	$61.05	Acquired	97597	Direct
2021-11-23	Common Stock	M	2500	$56.585	Acquired	100097	Direct
2021-11-23	Common Stock	S	700	$124.1617	Disposed	99397	Direct
2021-11-23	Common Stock	S	6039	$125.3124	Disposed	93358	Direct
2021-11-23	Common Stock	S	4929	$126.3616	Disposed	88429	Direct
2021-11-23	Common Stock	S	200	$122.6011	Disposed	48619800	Indirect
2021-11-23	Common Stock	S	3113	$123.9237	Disposed	48616687	Indirect
2021-11-23	Common Stock	S	24841	$124.9368	Disposed	48591846	Indirect
2021-11-23	Common Stock	S	41475	$125.6319	Disposed	48550371	Indirect
2021-11-23	Common Stock	S	30371	$126.4765	Disposed	48520000	Indirect
2021-11-24	Common Stock	S	8340	$126.4087	Disposed	48511660	Indirect
2021-11-24	Common Stock	S	84570	$127.3781	Disposed	48427090	Indirect
2021-11-24	Common Stock	S	7090	$127.8724	Disposed	48420000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-23	Non-Qualified Stock Option (right to buy)	$23.8775	M	7168	Disposed	2027-02-05	Common Stock (7168)	Direct
2021-11-23	Non-Qualified Stock Option (right to buy)	$56.585	M	2500	Disposed	2029-02-07	Common Stock (2500)	Direct
2021-11-23	Non-Qualified Stock Option (right to buy)	$61.05	M	2000	Disposed	2028-04-12	Common Stock (2000)	Direct

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 $123.80 to $124.43, 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 $124.83 to $125.815, 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 $125.83 to $126.74, 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 $122.18 to $123.08, 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: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.24 to $124.23, 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.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.24 to $125.23, 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.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.24 to $126.22, 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.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.24 to $126.91, 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.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.79 to $126.78, 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.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.79 to $127.78, 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.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.79 to $128.01, 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.

F14: 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.

F15: 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.

F16: 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.