Form 4 for ANET Arista Networks
Accepted 2021-11-24 00:00:00 ET · period of report 2021-11-22 · accession 0001596532-21-000401 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-11-24 | 2021-11-22 | ANET | BECHTOLSHEIM ANDREAS | Chief Development Off, Dir, 10% | F - Tax | $128.16 | -6,291 | 88.4K | -7% | -$806.3K |
| DM | 2021-11-24 | 2021-11-22 | ANET | BECHTOLSHEIM ANDREAS | Chief Development Off, Dir, 10% | M - OptEx | $10.24 | +113.3K | 92.4K | New | +$1.16M |
| DM | 2021-11-24 | 2021-11-22 | ANET | BECHTOLSHEIM ANDREAS | Chief Development Off, Dir, 10% | S - Sale+OE | $129.55 | -100.0K | 88.4K | -53% | -$12.95M |
| DMI | 2021-11-24 | 2021-11-22 | ANET | BECHTOLSHEIM ANDREAS | Chief Development Off, Dir, 10% | S - Sale+OE | $129.54 | -100.0K | 48.62M | -0.2% | -$12.95M |
| DM | 2021-11-24 | 2021-11-22 | ANET | BECHTOLSHEIM ANDREAS | Chief Development Off, Dir, 10% | M - OptEx | $0.00 | -113.3K | 25.0K | -82% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-11-22 | F | D | 6,291 | $128.16 | 88,429 | D by Trust | — | — | (F9) These shares are held by a family trust for which the reporting person is a trustee. |
| 2 | Common | Common Stock | 2021-11-22 | M | A | 5,000 | $0.00 | 94,720 | D by Trust | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F9) These shares are held by a family trust for which the reporting person is a trustee. |
| 3 | Common | Common Stock | 2021-11-22 | M | A | 66,668 | $9.50 | 159,097 | D | — | — | |
| 4 | Common | Common Stock | 2021-11-22 | M | A | 20,000 | $14.06 | 179,097 | D | — | — | |
| 5 | Common | Common Stock | 2021-11-22 | M | A | 9,332 | $23.88 | 188,429 | D | — | — | |
| 6 | Common | Common Stock | 2021-11-22 | S | D | 36,106 | $128.60 | 152,323 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.02 to $129.01, 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. |
| 7 | Common | Common Stock | 2021-11-22 | S | D | 37,081 | $129.34 | 115,242 | D | — | — | (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.02 to $130.01, 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. |
| 8 | Common | Common Stock | 2021-11-22 | S | D | 9,444 | $130.51 | 105,798 | D | — | — | (F7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.02 to $131.01, 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. |
| 9 | Common | Common Stock | 2021-11-22 | S | D | 17,369 | $131.44 | 88,429 | D | — | — | (F8) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.02 to $131.88, 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. |
| 10 | Common | Common Stock | 2021-11-22 | S | D | 36,241 | $128.60 | 48,683,759 | I | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.02 to $129.01, 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. |
| 11 | Common | Common Stock | 2021-11-22 | S | D | 36,625 | $129.33 | 48,647,134 | I | — | — | (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.02 to $130.01, 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. |
| 12 | Common | Common Stock | 2021-11-22 | S | D | 9,529 | $130.46 | 48,637,605 | I | — | — | (F7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.02 to $131.01, 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. |
| 13 | Common | Common Stock | 2021-11-22 | S | D | 17,605 | $131.44 | 48,620,000 | I | — | — | (F8) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.02 to $131.88, 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. |
| 14 | Common | Common Stock | 2021-11-22 | M | A | 8,252 | $0.00 | 89,720 | D by Trust | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F2) On November 18, 2021, the issuer completed a four-for-one stock split of the issuer's common stock. All amounts have been adjusted to give effect to this stock split. (F9) These shares are held by a family trust for which the reporting person is a trustee. |
| 15 | Common | Common Stock | 2021-11-22 | M | A | 4,000 | $5.62 | 92,429 | D by Trust | — | — | (F9) These shares are held by a family trust for which the reporting person is a trustee. |
| 16 | Derivative | Non-Qualified Stock Option (right to buy) | 2021-11-22 | M | D | 4,000 | $0.00 | 1,332 | D | $5.62 · — to 2024-01-12 | 4,000 Common Stock | (F10) 1/5th of the 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. |
| 17 | Derivative | Non-Qualified Stock Option (right to buy) | 2021-11-22 | M | D | 66,668 | $0.00 | 0 | D | $9.50 · — to 2024-05-19 | 66,668 Common Stock | (F11) 1/5th of the shares subject to the option vested on September 30, 2017 and 1/60th of the shares subject to the option shall vest monthly thereafter. |
| 18 | Derivative | Non-Qualified Stock Option (right to buy) | 2021-11-22 | M | D | 20,000 | $0.00 | 6,668 | D | $14.06 · — to 2026-02-11 | 20,000 Common Stock | (F12) 1/60th of the shares subject to the option vested on January 1, 2017 and 1/60th of the shares subject to the option shall continue to vest each month thereafter. |
| 19 | Derivative | Non-Qualified Stock Option (right to buy) | 2021-11-22 | M | D | 9,332 | $0.00 | 23,668 | D | $23.88 · — to 2027-02-05 | 9,332 Common Stock | (F13) 1/5th of the 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. |
| 20 | Derivative | Restricted Stock Unit-1 | 2021-11-22 | M | D | 8,252 | $0.00 | 0 | D | $0.00 · — to — | 8,252 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F14) Five percent (5%) of the restricted stock units awarded vested on February 20, 2017 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year. |
| 21 | Derivative | Restricted Stock Unit-2 | 2021-11-22 | M | D | 5,000 | $0.00 | 25,000 | D | $0.00 · — to — | 5,000 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. (F15) Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on May 20, 2019 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, November 20 of each year. |