Kenneth Duda - 12 May 2021 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 May 2021, 18:41:23 UTC
Prior SEC filing
12 May 2021
Next SEC filing
24 May 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Filing notes and source

Key filing fact

Kenneth Duda filed Form 4 for Arista Networks, Inc. (ANET) on 14 May 2021.

Key facts

  • This page summarizes Kenneth Duda's Form 4 filing for Arista Networks, Inc. (ANET).
  • 10 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 14 May 2021, 18:41.

Change

  • Previous filing in this sequence was filed on 12 May 2021.
  • Current net transaction value: -$3,098,777.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ANET transaction

Common Stock

Options Exercise

Transaction value
$77,600
Shares
+10,000
Change %
+1233%
Price
$7.76*
Shares after
10,811
Date
12 May 2021
Ownership
Direct
Footnotes
F1
ANET transaction

Common Stock

Sale

Transaction value
$536,277
Shares
-1,700
Change %
-16%
Price
$315.46
Shares after
9,111
Date
12 May 2021
Ownership
Direct
Footnotes
F1, F2
ANET transaction

Common Stock

Sale

Transaction value
$1,043,167
Shares
-3,298
Change %
-36%
Price
$316.30
Shares after
5,813
Date
12 May 2021
Ownership
Direct
Footnotes
F1, F3
ANET transaction

Common Stock

Sale

Transaction value
$318,830
Shares
-1,005
Change %
-17%
Price
$317.24
Shares after
4,808
Date
12 May 2021
Ownership
Direct
Footnotes
F1, F4
ANET transaction

Common Stock

Sale

Transaction value
$444,729
Shares
-1,397
Change %
-29%
Price
$318.35
Shares after
3,411
Date
12 May 2021
Ownership
Direct
Footnotes
F1, F5
ANET transaction

Common Stock

Sale

Transaction value
$415,316
Shares
-1,300
Change %
-38%
Price
$319.47
Shares after
2,111
Date
12 May 2021
Ownership
Direct
Footnotes
F1, F6
ANET transaction

Common Stock

Sale

Transaction value
$128,173
Shares
-400
Change %
-19%
Price
$320.43
Shares after
1,711
Date
12 May 2021
Ownership
Direct
Footnotes
F1, F7
ANET transaction

Common Stock

Sale

Transaction value
$225,337
Shares
-700
Change %
-41%
Price
$321.91
Shares after
1,011
Date
12 May 2021
Ownership
Direct
Footnotes
F1, F8
ANET transaction

Common Stock

Sale

Transaction value
$64,548
Shares
-200
Change %
-20%
Price
$322.74
Shares after
811
Date
12 May 2021
Ownership
Direct
Footnotes
F1
ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
37,640
Date
12 May 2021
Ownership
By Childrens' Trust
Footnotes
F9
ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
29,900
Date
12 May 2021
Ownership
By Foundation
Footnotes
F10
ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
123,825
Date
12 May 2021
Ownership
By GRAT JD
Footnotes
F11
ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
123,825
Date
12 May 2021
Ownership
By GRAT KD
Footnotes
F12
ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
126,265
Date
12 May 2021
Ownership
by Trust
Footnotes
F13

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ANET transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value
$0
Shares
-10,000
Change %
-10%
Price
$0.000000
Shares after
90,000
Date
12 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,000
Exercise price
$7.76
Footnotes
F1, F14
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 14 footnotes

Footnote F1

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 12, 2021.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $314.80 to $315.78, 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.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $315.82 to $316.81, 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.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $316.89 to $317.81, 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 ofshares sold at each separate price within the range set forth in this footnote.

Footnote F5

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $317.93 to $318.85, 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.

Footnote F6

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $319.06 to $319.92, 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.

Footnote F7

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $320.15 to $320.99, 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.

Footnote F8

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $321.57 to $322.37, 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.

Footnote F9

These shares are held in a trust 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.

Footnote F10

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

Footnote F11

Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.

Footnote F12

Reporting person is the trustee of the Kenneth Duda Annuity Trusts.

Footnote F13

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

Footnote F14

1/4th of the 100,000 shares subject to the option vested and became exercisable on December 1, 2016 and 1/48th of the shares subject to the option vested each month thereafter.

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