Arista Networks, Inc. — Director's Dealing 2022

Jul 14, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arista Networks, Inc. (ANET)
CIK: 0001596532
Period of Report: 2022-07-11

Reporting Person: Duda Kenneth (CTO and SVP Software Eng.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-11	Common Stock	M	20000	$7.6675	Acquired	23244	Direct
2022-07-11	Common Stock	S	17000	$102.1954	Disposed	6244	Direct
2022-07-11	Common Stock	S	3000	$102.7842	Disposed	3244	Direct
2022-07-11	Common Stock	S	13600	$102.1954	Disposed	435708	Indirect
2022-07-11	Common Stock	S	2400	$102.7842	Disposed	433308	Indirect
2022-07-11	Common Stock	S	3000	$102.1853	Disposed	265600	Indirect
2022-07-11	Common Stock	S	500	$102.824	Disposed	265100	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-07-11	Non-Qualified Stock Option (right to buy)	$7.6675	M	20000	Disposed	2024-02-10	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	354000	Indirect
Common Stock	354000	Indirect
Common Stock	28855	Indirect

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 March 14, 2022.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.66 to $102.64, 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 $102.67 to $102.98, 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: These shares are held in a trust for the benefit of a Child 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.

F5: The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on December 13, 2021 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.70 to $102.68, 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 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.76 to $102.95, 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: Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.

F10: Reporting person is the trustee of the Kenneth Duda Annuity Trusts.

F11: These shares are held by a family trust for which the reporting person is co-trustee.

F12: 1/5th of the shares subject to the option vested and become exercisable on December 1, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.