FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Duda Kenneth
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.
(Last)          (First)          (Middle)

5453 GREAT AMERICA PARKWAY
3. Date of Earliest Transaction (MM/DD/YYYY)

12/12/2022
(Street)

SANTA CLARA, CA 95054
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price
Common Stock 12/12/2022  M(1)  20000 A$7.6675 23244 D  
Common Stock 12/12/2022  S(1)  3783 D$127.2273 (2)19461 D  
Common Stock 12/12/2022  S(1)  10217 D$128.0459 (3)9244 D  
Common Stock 12/12/2022  S(1)  2722 D$129.1432 (4)6522 D  
Common Stock 12/12/2022  S(1)  3278 D$130.2584 (5)3244 D  
Common Stock 12/12/2022  S(6)  3027 D$127.2273 (2)366281 I By Childrens' Trust (7)
Common Stock 12/12/2022  S(6)  8173 D$128.0459 (3)358108 I By Childrens' Trust (7)
Common Stock 12/12/2022  S(6)  2178 D$129.1432 (4)355930 I By Childrens' Trust (7)
Common Stock 12/12/2022  S(6)  2622 D$130.2584 (5)353308 I By Childrens' Trust (7)
Common Stock 12/12/2022  S(8)  800 D$127.3452 (9)250300 I By Foundation (10)
Common Stock 12/12/2022  S(8)  1700 D$128.102 (11)248600 I By Foundation (10)
Common Stock 12/12/2022  S(8)  500 D$129.3043 (12)248100 I By Foundation (10)
Common Stock 12/12/2022  S(8)  500 D$130.332 (13)247600 I By Foundation (10)
Common Stock         293444 I By GRAT JD (14)
Common Stock         293444 I By GRAT KD (15)
Common Stock         164117 I by Trust (16)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Option (right to buy) $7.6675 12/12/2022  M (1)    20000  12/1/2018 2/10/2024 Common Stock 20000 $0.0 240000 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 $126.62 to $127.60, 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.
(3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.62 to $128.60, 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.
(4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.66 to $129.60, 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) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.68 to $130.54, 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.
(6) The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person for the benefit of the reporting person's children on December 14, 2020.
(7) 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.
(8) 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.
(9) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.69 to $127.59, 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) These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
(11) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.69 to $128.66, 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) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.93 to $129.57, 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) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.20 to $130.45, 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.
(14) Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
(15) Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
(16) These shares are held by a family trust for which the reporting person is co-trustee.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Duda Kenneth
5453 GREAT AMERICA PARKWAY
SANTA CLARA, CA 95054


CTO and SVP Software Eng.

Signatures
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda12/13/2022
**Signature of Reporting PersonDate


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 control number.
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