Bechtolsheim Andreas's Form 4 filing
Arista Networks, Inc. (ANET) · filed Nov 24, 2021
- Accession no.
- 0001596532-21-000401
- Filed
- Nov 24, 2021
- Trade date
- Nov 22, 2021
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 15 non-derivative transactions and 6 derivative transactions. Open-market sales total $25.9M. 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.
| Owner | Relationship to the company |
|---|---|
| Bechtolsheim AndreasCIK 0001133206 | Director, 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.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 22, 2021 | Common Stock | MOption exerciseAcquired | +8,252 | $0.00F1 | $0 | 89,720 | Direct | |
| Nov 22, 2021 | Common Stock | MOption exerciseAcquired | +5,000 | $0.00F1 | $0 | 94,720 | Direct | |
| Nov 22, 2021 | Common Stock | FTax withholdingDisposed | −6,291 | $128.16 | −$806,254.56 | 88,429 | Direct | |
| Nov 22, 2021 | Common Stock | MOption exerciseAcquired | +4,000 | $5.62 | +$22,480 | 92,429 | Direct | |
| Nov 22, 2021 | Common Stock | MOption exerciseAcquired | +66,668 | $9.50 | +$633,346 | 159,097 | Direct | |
| Nov 22, 2021 | Common Stock | MOption exerciseAcquired | +20,000 | $14.06 | +$281,200 | 179,097 | Direct | |
| Nov 22, 2021 | Common Stock | MOption exerciseAcquired | +9,332 | $23.88 | +$222,848.16 | 188,429 | Direct | |
| Nov 22, 2021 | Common Stock | SSaleDisposed | −36,106 | $128.60F5 | −$4,643,231.6 | 152,323 | Direct | |
| Nov 22, 2021 | Common Stock | SSaleDisposed | −37,081 | $129.34F6 | −$4,796,056.54 | 115,242 | Direct | |
| Nov 22, 2021 | Common Stock | SSaleDisposed | −9,444 | $130.51F7 | −$1,232,536.44 | 105,798 | Direct | |
| Nov 22, 2021 | Common Stock | SSaleDisposed | −17,369 | $131.44F8 | −$2,282,981.36 | 88,429 | Direct | |
| Nov 22, 2021 | Common Stock | SSaleDisposed | −36,241 | $128.60F5 | −$4,660,592.6 | 48,683,759 | Indirect | |
| Nov 22, 2021 | Common Stock | SSaleDisposed | −36,625 | $129.33F6 | −$4,736,711.25 | 48,647,134 | Indirect | |
| Nov 22, 2021 | Common Stock | SSaleDisposed | −9,529 | $130.46F7 | −$1,243,153.34 | 48,637,605 | Indirect | |
| Nov 22, 2021 | Common Stock | SSaleDisposed | −17,605 | $131.44F8 | −$2,314,001.2 | 48,620,000 | Indirect |
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.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 22, 2021 | Common Stock | MOption exerciseDisposed | −4,000 | $0.00 | $0 | 1,332 | Direct | |
| Nov 22, 2021 | Common Stock | MOption exerciseDisposed | −66,668 | $0.00 | $0 | 0 | Direct | |
| Nov 22, 2021 | Common Stock | MOption exerciseDisposed | −20,000 | $0.00 | $0 | 6,668 | Direct | |
| Nov 22, 2021 | Common Stock | MOption exerciseDisposed | −9,332 | $0.00 | $0 | 23,668 | Direct | |
| Nov 22, 2021 | Common Stock | MOption exerciseDisposed | −8,252 | $0.00 | $0 | 0 | Direct | |
| Nov 22, 2021 | Common Stock | MOption exerciseDisposed | −5,000 | $0.00 | $0 | 25,000 | Direct |
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.
- F1
Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
Referenced by the price of 2 transactions 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 $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.
Referenced by the price of 2 transactions 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 $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.
Referenced by the price of 2 transactions 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 $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.
Referenced by the price of 2 transactions 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 $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.
Referenced by the price of 2 transactions in Table I.