Kenneth Duda - Jun 13, 2024 Form 4/A Insider Report for Arista Networks, Inc. (ANET)

Role
CTO and SVP Software Eng, Director
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Stock symbol
ANET
Transactions as of
Jun 13, 2024
Transactions value $
-$80,518
Form type
4/A
Date filed
6/24/2024, 06:36 PM
Date Of Original Report
Jun 17, 2024
Previous filing
Jun 13, 2024
Next filing
Jul 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Sale -$80.5K -244 -0.13% $329.99 195K Jun 13, 2024 By Foundation F1, F2, F3, F4
holding ANET Common Stock 56.6K Jun 13, 2024 By GRAT JD F5
holding ANET Common Stock 56.6K Jun 13, 2024 By GRAT KD F6
holding ANET Common Stock 324K Jun 13, 2024 By Trust F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -20K -16.67% $0.00 100K Jun 13, 2024 Common Stock 20K $17.09 Direct F1, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Due to a system issue, the stock sale and option exercise transactions reported on this Form 4A were not included on the original Form 4 filed on June 17, 2024.
F2 The sale of shares effected pursuant to a Rule 10b5-1 trading plan entered into on March 14, 2024 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $329.60 to $330.50, inclusive. The 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.
F4 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F5 The spouse of the reporting person is the trustee of the Jennifer Duda Annuity Trusts.
F6 The reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F7 These shares are held by a family trust for which the reporting person is co-trustee.
F8 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, 2024.
F9 1/5th of the shares subject to the option vested one year after December 1, 2016 and 1/60th of the shares subject to the option continue to vest each month thereafter provided that the reporting person continues to be a service provider to the Issuer as of each vest date.