Arista Networks, Inc. — Director's Dealing 2021

Sep 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2021-09-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-07	Common Stock	M	4760	$95.51	Acquired	25127	Direct
2021-09-07	Common Stock	M	2500	$244.2	Acquired	27627	Direct
2021-09-07	Common Stock	M	1875	$226.34	Acquired	29502	Direct
2021-09-07	Common Stock	S	200	$357.296	Disposed	29302	Direct
2021-09-07	Common Stock	S	1590	$358.8645	Disposed	27712	Direct
2021-09-07	Common Stock	S	5697	$359.8253	Disposed	22015	Direct
2021-09-07	Common Stock	S	1648	$360.4991	Disposed	20367	Direct
2021-09-07	Common Stock	S	500	$357.4479	Disposed	12201253	Indirect
2021-09-07	Common Stock	S	2552	$358.7446	Disposed	12198701	Indirect
2021-09-07	Common Stock	S	10877	$359.6572	Disposed	12187824	Indirect
2021-09-07	Common Stock	S	7724	$360.3442	Disposed	12180100	Indirect
2021-09-07	Common Stock	S	100	$361.57	Disposed	12180000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-07	Non-Qualified Stock Option (right to buy)	$95.51	M	4760	Disposed	2027-02-05	Common Stock (4760)	Direct
2021-09-07	Non-Qualified Stock Option (right to buy)	$226.34	M	1875	Disposed	2029-02-07	Common Stock (1875)	Direct
2021-09-07	Non-Qualified Stock Option (right to buy)	$244.2	M	2500	Disposed	2028-04-12	Common Stock (2500)	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 $357.01 to $357.64, 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 $358.27 to $359.26, 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 $359.27 to $360.26, 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 $360.27 to $361.25, 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: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $356.97 to $357.66, 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.

F7: These shares are held by a family trust for which the reporting person is a trustee.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $358.04 to $359.03, 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 $359.11 to $360.10, 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 $360.115 to $361.11, 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: 1/5th of the 82,500 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.

F12: 1/48th of the 10,000 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.

F13: 1/48th of the 8,000 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.