Arista Networks, Inc. — Director's Dealing 2021

Feb 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2021-02-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-01	Common Stock	M	400	$22.49	Acquired	1976	Direct
2021-02-01	Common Stock	M	1666	$30.67	Acquired	3642	Direct
2021-02-01	Common Stock	M	834	$68.34	Acquired	4476	Direct
2021-02-01	Common Stock	M	334	$64.46	Acquired	4810	Direct
2021-02-01	Common Stock	M	416	$56.24	Acquired	5226	Direct
2021-02-01	Common Stock	S	200	$310.245	Disposed	5026	Direct
2021-02-01	Common Stock	S	400	$311.1825	Disposed	4626	Direct
2021-02-01	Common Stock	S	500	$312.548	Disposed	4126	Direct
2021-02-01	Common Stock	S	600	$313.9717	Disposed	3526	Direct
2021-02-01	Common Stock	S	450	$316.1044	Disposed	3076	Direct
2021-02-01	Common Stock	S	600	$317.0826	Disposed	2476	Direct
2021-02-01	Common Stock	S	800	$318.4513	Disposed	1676	Direct
2021-02-01	Common Stock	S	100	$319.38	Disposed	1576	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-01	Non-Qualified Stock Option (right to buy)	$22.49	M	400	Disposed	2024-01-12	Common Stock (400)	Direct
2021-02-01	Non-Qualified Stock Option (right to buy)	$30.67	M	1666	Disposed	2024-02-10	Common Stock (1666)	Direct
2021-02-01	Non-Qualified Stock Option (right to buy)	$56.24	M	416	Disposed	2026-02-11	Common Stock (416)	Direct
2021-02-01	Non-Qualified Stock Option (right to buy)	$64.46	M	334	Disposed	2025-09-10	Common Stock (334)	Direct
2021-02-01	Non-Qualified Stock Option (right to buy)	$68.34	M	834	Disposed	2024-12-15	Common Stock (834)	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 12, 2019.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $310.00 to $310.49, 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 $311.11 to $311.32, 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 $312.11 to $313.01, 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.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $313.63 to $314.41, 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 $315.77 to $316.70, 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: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $316.82 to $317.35, 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.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $317.89 to $318.81, 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: 1/5th of the 24,000 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 100,000 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.

F11: 1/60th of the 25,000 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.

F12: 1/5th of the 20,000 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.

F13: 1/5th of the 50,000 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.