SEC Info - Duda Kenneth - ‘4’ for 9/12/22 re: Arista Networks, Inc.

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Duda Kenneth

(Last)

(First)

(Middle)

5453 GREAT AMERICA PARKWAY

(Street)

SANTA CLARA

95054

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Arista Networks, Inc. [ ANET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CTO and SVP Software Eng.

3. Date of Earliest Transaction (Month/Day/Year)
9/12/22

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	9/12/22		M ⁽¹⁾		20,000	A	$7.6675	23,244	D
Common Stock	9/12/22		S ⁽¹⁾		11,931	D	$124.703 ⁽²⁾	11,313	D
Common Stock	9/12/22		S ⁽¹⁾		5,912	D	$125.2383 ⁽³⁾	5,401	D
Common Stock	9/12/22		S ⁽¹⁾		2,157	D	$126.2713 ⁽⁴⁾	3,244	D
Common Stock	9/12/22		S ⁽¹⁾		9,545	D	$124.703 ⁽²⁾	407,763	I	By Childrens' Trust ⁽⁵⁾
Common Stock	9/12/22		S ⁽¹⁾		4,729	D	$125.2383 ⁽³⁾	403,034	I	By Childrens' Trust ⁽⁵⁾
Common Stock	9/12/22		S ⁽¹⁾		1,726	D	$126.2713 ⁽⁴⁾	401,308	I	By Childrens' Trust ⁽⁵⁾
Common Stock	9/12/22		S ⁽⁶⁾		2,700	D	$124.737 ⁽⁷⁾	258,900	I	By Foundation ⁽⁸⁾
Common Stock	9/12/22		S ⁽⁶⁾		700	D	$125.9029 ⁽⁹⁾	258,200	I	By Foundation ⁽⁸⁾
Common Stock	9/12/22		S ⁽⁶⁾		100	D	$126.5	258,100	I	By Foundation ⁽⁸⁾
Common Stock								354,000	I	By GRAT JD ⁽¹⁰⁾
Common Stock								354,000	I	By GRAT KD ⁽¹¹⁾
Common Stock								35,925	I	by Trust ⁽¹²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$7.6675	9/12/22		M ⁽¹⁾			20,000	⁽¹³⁾	2/10/24	Common Stock	20,000	$0.0	300,000	D

Explanation of Responses:

(1) 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.

(2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.96 to $124.95, 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.

(3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.96 to $125.92, 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.

(4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.96 to $126.60, 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.

(5) These shares are held in multiple trusts for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.

(6) 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.

(7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.21 to $125.09, 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.

(8) These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.

(9) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.39 to $126.33, 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) Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.

(11) Reporting person is the trustee of the Kenneth Duda Annuity Trusts.

(12) These shares are held by a family trust for which the reporting person is co-trustee.

(13) 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.

	By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda	9/14/22
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

____________ Transaction Codes:
M	Exercise or conversion of derivative security exempted pursuant to Rule 16b-3.
S	Open market or private sale of non-derivative or derivative security.

Duda Kenneth – ‘4’ for 9/12/22 re: Arista Networks, Inc.

On: Wednesday, 9/14/22, at 5:52pm ET · For: 9/12/22 · As: Officer · Accession #: 1596532-22-273 · File #: 1-36468

Previous ‘4’: ‘4’ on 8/24/22 for 8/22/22 · Next: ‘4’ on 10/12/22 for 10/10/22 · Latest: ‘4’ on 4/12/24 for 4/10/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Duda Kenneth – ‘4’ for 9/12/22 re: Arista Networks, Inc.

On: Wednesday, 9/14/22, at 5:52pm ET · For: 9/12/22 · As: Officer · Accession #: 1596532-22-273 · File #: 1-36468

Previous ‘4’: ‘4’ on 8/24/22 for 8/22/22 · Next: ‘4’ on 10/12/22 for 10/10/22 · Latest: ‘4’ on 4/12/24 for 4/10/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents