Arista Networks, Inc. — Director's Dealing 2021

Feb 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2021-02-08

Reporting Person: Ullal Jayshree (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-08	Common Stock	M	1375	$95.51	Acquired	16809	Direct
2021-02-08	Common Stock	S	672	$319.8861	Disposed	16137	Direct
2021-02-08	Common Stock	S	168	$320.68	Disposed	15969	Direct
2021-02-08	Common Stock	S	167	$321.8937	Disposed	15802	Direct
2021-02-08	Common Stock	S	209	$323.1028	Disposed	15593	Direct
2021-02-08	Common Stock	S	159	$323.8531	Disposed	15434	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-08	Non-Qualified Stock Option (right to buy)	$95.51	M	1375	Disposed	2027-02-05	Common Stock (1375)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	564000	Indirect
Common Stock	564000	Indirect
Common Stock	5000	Indirect
Common Stock	5000	Indirect
Common Stock	2052564	Indirect

Footnotes

F1: The exercises and/or sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 11, 2020.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $319.38 to $320.23, 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.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $320.51 to $320.85, 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 $321.52 to $322.32, 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.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $322.60 to $323.4875, 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 $323.80 to $324.17, 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 in a trust for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.

F8: These shares are held in a trust for the benefit of a relative of the reporting person for which the reporting person serves as co-trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.

F9: These shares are held by a family trust for which the reporting person is co-trustee.

F10: 1/5th of the 82,500 shares subject to the option vested on February 6, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.