Arista Networks, Inc. — Director's Dealing 2022

Dec 6, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2022-12-01

Reporting Person: Taxay Marc (SVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-01	Common Stock	M	416	$61.05	Acquired	6157	Direct
2022-12-01	Common Stock	M	208	$61.1075	Acquired	6365	Direct
2022-12-01	Common Stock	M	416	$56.585	Acquired	6781	Direct
2022-12-01	Common Stock	S	1000	$138.388	Disposed	5781	Direct
2022-12-01	Common Stock	S	4036	$139.6963	Disposed	1745	Direct
2022-12-01	Common Stock	S	1745	$140.3756	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-01	Non-Qualified Stock Option (right to buy)	$56.585	M	416	Disposed	2029-02-07	Common Stock (416)	Direct
2022-12-01	Non-Qualified Stock Option (right to buy)	$61.05	M	416	Disposed	2028-04-12	Common Stock (416)	Direct
2022-12-01	Non-Qualified Stock Option (right to buy)	$61.1075	M	208	Disposed	2028-11-08	Common Stock (208)	Direct

Footnotes

F1: The exercise and sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on September 15, 2021.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.86 to $138.84, 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 $139.06 to $140.05, 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 $140.12 to $140.71, 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: 1/48th of the shares subject to the option shall vest and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.

F6: 1/48th of the shares subject to the option shall vest and become exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.

F7: 1/48th of the shares subject to the option shall vest and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.