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Bechtolsheim Andreas's Form 4 filing

Arista Networks, Inc. (ANET) · filed Aug 25, 2021

Accession no.
0001596532-21-000303
Filed
Aug 25, 2021
Trade date
Aug 23-24, 2021
Filing delay
2 days
Rule 10b5-1 plan
Not on the form (before 2023)

This filing lists 23 non-derivative transactions and 3 derivative transactions. Open-market sales total $37.2M. It was filed 2 days after the trade.

Reporting owners

A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.

Reporting owners on this filing
OwnerRelationship to the company
Bechtolsheim AndreasCIK 0001133206Director, Officer (Chief Development Officer), 10% Owner

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade dateSecurityTransactionSharesPriceValueShares afterOwnershipFlags
Aug 23, 2021Common StockMOption exerciseAcquired+6,667$22.49+$149,940.8327,034Direct
Aug 23, 2021Common StockMOption exerciseAcquired+18,333$38.00+$696,65445,367Direct
Aug 23, 2021Common StockSSaleDisposed−1,305$367.81F2−$479,992.0544,062Direct
Aug 23, 2021Common StockSSaleDisposed−7,772$368.57F3−$2,864,526.0436,290Direct
Aug 23, 2021Common StockSSaleDisposed−12,580$369.69F4−$4,650,700.223,710Direct
Aug 23, 2021Common StockSSaleDisposed−3,343$370.38F5−$1,238,180.3420,367Direct
Aug 24, 2021Common StockMOption exerciseAcquired+25,000$38.00+$950,00045,367Direct
Aug 24, 2021Common StockSSaleDisposed−300$370.68F6−$111,20445,067Direct
Aug 24, 2021Common StockSSaleDisposed−3,077$372.49F7−$1,146,151.7341,990Direct
Aug 24, 2021Common StockSSaleDisposed−7,558$373.40F8−$2,822,157.234,432Direct
Aug 24, 2021Common StockSSaleDisposed−5,571$374.35F9−$2,085,503.8528,861Direct
Aug 24, 2021Common StockSSaleDisposed−3,050$375.70F10−$1,145,88525,811Direct
Aug 24, 2021Common StockSSaleDisposed−5,444$376.20F11−$2,048,032.820,367Direct
Aug 23, 2021Common StockSSaleDisposed−1,301$367.84F12−$478,559.8412,450,452Indirect
Aug 23, 2021Common StockSSaleDisposed−7,374$368.53F14−$2,717,540.2212,443,078Indirect
Aug 23, 2021Common StockSSaleDisposed−12,830$369.66F15−$4,742,737.812,430,248Indirect
Aug 23, 2021Common StockSSaleDisposed−3,495$370.34F16−$1,294,338.312,426,753Indirect
Aug 24, 2021Common StockSSaleDisposed−300$370.75F17−$111,22512,426,453Indirect
Aug 24, 2021Common StockSSaleDisposed−3,089$372.54F18−$1,150,776.0612,423,364Indirect
Aug 24, 2021Common StockSSaleDisposed−7,869$373.41F19−$2,938,363.2912,415,495Indirect
Aug 24, 2021Common StockSSaleDisposed−5,259$374.41F20−$1,969,022.1912,410,236Indirect
Aug 24, 2021Common StockSSaleDisposed−4,096$375.80F21−$1,539,276.812,406,140Indirect
Aug 24, 2021Common StockSSaleDisposed−4,387$376.25F22−$1,650,608.7512,401,753Indirect

Derivative securities (Table II)

Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.

Derivative transactions
Trade dateSecurityTransactionUnderlying sharesUnit priceValueHeld afterOwnershipFlags
Aug 23, 2021Common StockMOption exerciseDisposed−6,667$0.00$01,333Direct
Aug 23, 2021Common StockMOption exerciseDisposed−18,333$0.00$0165,677Direct
Aug 24, 2021Common StockMOption exerciseDisposed−25,000$0.00$0140,677Direct

Footnotes and remarks

Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.

F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $367.10 to $368.08, 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.

Referenced by the price of 1 transaction in Table I.

F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $368.14 to $369.12, 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.

Referenced by the price of 1 transaction in Table I.

F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $369.14 to $370.13, 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.

Referenced by the price of 1 transaction in Table I.

F5

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $370.14 to $370.755, 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.

Referenced by the price of 1 transaction in Table I.

F6

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $370.53 to $370.84, 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.

Referenced by the price of 1 transaction in Table I.

F7

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $371.88 to $372.87, 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.

Referenced by the price of 1 transaction in Table I.

F8

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $372.88 to $373.8675, 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.

Referenced by the price of 1 transaction in Table I.

F9

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $373.89 to $374.83, 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.

Referenced by the price of 1 transaction in Table I.

F10

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $374.98 to $375.95, 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.

Referenced by the price of 1 transaction in Table I.

F11

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $375.99 to $376.45, 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.

Referenced by the price of 1 transaction in Table I.

F12

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $367.10 to $368.08, 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.

Referenced by the price of 1 transaction in Table I.

F14

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $368.10 to $369.08, 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.

Referenced by the price of 1 transaction in Table I.

F15

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $369.10 to $370.09, 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.

Referenced by the price of 1 transaction in Table I.

F16

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $370.10 to $370.685, 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.

Referenced by the price of 1 transaction in Table I.

F17

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $370.64 to $370.89, 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.

Referenced by the price of 1 transaction in Table I.

F18

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $371.89 to $372.88, 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.

Referenced by the price of 1 transaction in Table I.

F19

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $372.94 to $373.93, 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.

Referenced by the price of 1 transaction in Table I.

F20

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $373.94 to $374.89, 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.

Referenced by the price of 1 transaction in Table I.

F21

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $375.05 to $376.04, 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.

Referenced by the price of 1 transaction in Table I.

F22

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $376.05 to $376.48, 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.

Referenced by the price of 1 transaction in Table I.

Read the full filing on SEC EDGAR (opens in a new tab)