As filed with the Securities and Exchange Commission on February 14, 2022
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
____________________________
ARISTA NETWORKS, INC.
(Exact name of registrant as specified in its charter)
____________________________
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| Delaware | | 20-1751121 |
(State or other jurisdiction of
incorporation or organization) | | (I.R.S. Employer
Identification No.) |
________________________________________
5453 Great America Parkway
Santa Clara, California 95054
(Address of principal executive offices) (Zip code)
________________________________________
Arista Networks, Inc. 2014 Employee Stock Purchase Plan
Arista Networks, Inc. 2014 Equity Incentive Plan
(Full title of the plan)
________________________________________
Jayshree Ullal
President and Chief Executive Officer
Arista Networks, Inc.
5453 Great America Parkway
Santa Clara, California 95054
(408) 547-5500
(Name, address and telephone number, including area code, of agent for service)
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| Copies to: | |
| | |
Raj S. Judge
Mark B. Baudler
Wilson Sonsini Goodrich & Rosati, P.C.
650 Page Mill Road
Palo Alto, California 94304
(650) 493-9300 | | Marc Taxay
Senior Vice President, General Counsel
Arista Networks, Inc.
5453 Great America Parkway
Santa Clara, California 95054
(408) 547-5500 |
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
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Large accelerated filer x | | | | Accelerated filer o |
Non-accelerated filer o | | | | Smaller reporting company o |
| | | | Emerging growth company o |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. o
REGISTRATION OF ADDITIONAL SECURITIES
PURSUANT TO GENERAL INSTRUCTION E
This Registration Statement on Form S-8 (the “Registration Statement”) registers additional shares of Common Stock of Arista Networks, Inc. (the “Registrant”) to be issued pursuant to the Registrant’s 2014 Employee Stock Purchase Plan (the “ESPP”) and the Registrant's 2014 Equity Incentive Plan (the "2014 Plan"). The number of shares of the Registrant’s common stock available for grant and issuance under the ESPP is subject to an annual increase on the first day of each fiscal year starting on January 1, 2015 and each subsequent anniversary, equal to the smallest of (a) 10,000,000, (b) 1% of the number of shares of common stock issued and outstanding on December 31 of the immediately preceding year, or (c) an amount determined by our board of directors. The number of shares of the Registrant’s common stock available for grant and issuance under the 2014 Plan is subject to an annual increase on the first day of each fiscal year starting on January 1, 2016 and each subsequent anniversary, equal to the smallest of (a) 50,000,000, (b) 3% of the number of shares of common stock issued and outstanding on December 31 of the immediately preceding year, or (c) an amount determined by our board of directors.
On January 1, 2022, the number of shares of the Registrant’s common stock available for grant and issuance under the ESPP increased by 3,076,811 shares . These additional shares of Common Stock have become reserved for issuance as a result of the operation of the “evergreen” provision of the ESPP. On January 1, 2022, the number of shares of the Registrant’s common stock available for grant and issuance under the 2014 Plan increased by 9,230,434 shares. These additional shares of Common Stock have become reserved for issuance as a result of the operation of the “evergreen” provision of the 2014 Plan. Accordingly, the contents of (i) the Registration Statement on Form S-8 (No. 333-196550) filed by the Registrant with the Securities and Exchange Commission (the “Commission”) on June 6, 2014, and (ii) the Registration Statement on Form S-8 (No. 333-202919) filed by the Registrant with the Commission on March 23, 2015, (iii) the Registration Statement on Form S-8 (No. 333-209723) filed by the Registrant with the Commission on February 25, 2016, (iv) the Registration Statement on Form S-8 (No. 333-216136) filed by the Registrant with the Commission on February 21, 2017, (v) the Registration Statement on Form S-8 (No. 333-223093) filed by the Registrant with the Commission on February 20, 2018, (vi) the Registration Statement on Form S-8 (No. 333-229730) filed by the Registrant with the Commission on February 19, 2019, vii) the Registration Statement on Form S-8 (No. 333-236426) filed by the Registrant with the Commission on February 14, 2020, viii) the Registration Statement on Form S-8 (No. 333-249591) filed by the Registrant with the Commission on October 22, 2020 are incorporated herein by reference pursuant to General Instruction E of Form S-8, and ix) the Registration Statement on Form S-8 (No. 333-253277) filed by the Registrant with the Commission on February 19, 2021.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The Registrant hereby incorporates by reference into this Registration Statement the following documents previously filed with the Commission:
(1)The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the Commission on February 14, 2022 pursuant to Section 13(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”);
(2)All other reports filed by the Registrant with the Commission pursuant to Sections 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Registrant’s Annual Report referred to in clause (1) above (other than the portions of these documents not deemed to be filed); and
(3)The description of the Registrant’s common stock contained in the Registrant’s Registration Statement on Form 8-A (File No. 001-36468) filed with the Commission on May 27, 2014, pursuant to Section 12(b) of the Exchange Act, including any amendment or report filed for the purpose of updating such description. All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents; provided, however, that documents or information deemed to have been furnished and not filed in accordance with the rules of the Commission shall not be deemed incorporated by reference into this Registration Statement.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such
statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 8. Exhibits
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| Exhibit Number | | Description |
| 4.1 | | |
| | |
| 4.2 | | |
| 4.3 | | |
| 5.1* | | |
| 23.1* | | |
| 23.2* | | |
| 24.1* | | |
| 107* | | |
*Filed herewith
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Santa Clara, State of California, on this 14th day of February, 2022.
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| ARISTA NETWORKS, INC. |
| By: | /s/ JAYSHREE ULLAL |
| Jayshree Ullal |
| President and Chief Executive Officer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Jayshree Ullal, Ita Brennan and Marc Taxay, and each of them, as their true and lawful attorney-in-fact and agent with full power of substitution, for him or her in any and all capacities, to sign any and all amendments to this Registration Statement and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact, proxy and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact, proxy and agent, or his or her substitute, may lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, this registration statement and the Power of Attorney have been signed by the following persons in the capacities and on the dates indicated.
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| Signature | | Title | | Date |
| /s/ JAYSHREE ULLAL | | President, Chief Executive Officer and Director (Principal Executive Officer) | | February 14, 2022 |
| Jayshree Ullal | | | |
| /s/ ITA BRENNAN | | Chief Financial Officer (Principal Accounting and Financial Officer) | | February 14, 2022 |
| Ita Brennan | | | |
| /s/ ANDY BECHTOLSHEIM | | Founder, Chief Development Officer and Chairman of the Board of Directors | | February 14, 2022 |
| Andy Bechtolsheim | | | |
| /s/ KELLY BATTLES | | Director | | February 14, 2022 |
| Kelly Battles | | | |
| /s/ LEWIS CHEW | | Director | | February 14, 2022 |
| Lewis Chew | | | |
| /s/ CHARLES GIANCARLO | | Director | | February 14, 2022 |
| Charles Giancarlo | | | |
| /s/ ANN MATHER | | Director | | February 14, 2022 |
| Ann Mather | | | |
| /s/ DAN SCHEINMAN | | Director | | February 14, 2022 |
| Dan Scheinman | | | |
| /s/ MARK TEMPLETON | | Director | | February 14, 2022 |
| Mark Templeton | | | |
| /s/ NIKOS THEODOSOPOULOS | | Director | | February 14, 2022 |
| Nikos Theodosopoulos | | | |
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