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

Reporting relationship: CTO and SVP Software Eng.
Issuer ticker: ANET
Reported as of: 12 Jul 2021
Net transaction value: -$5,336,571
SEC form: 4
Accepted by SEC: 14 Jul 2021, 19:25:47 UTC
Prior SEC filing: 08 Jul 2021
Next SEC filing: 12 Aug 2021
Source filing: View source filing
Reporting owner signature: By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda

Key filing fact

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

Key facts

This page summarizes Kenneth Duda's Form 4 filing for Arista Networks, Inc. (ANET).
21 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 14 Jul 2021, 19:25.

Change

Previous filing in this sequence was filed on 08 Jul 2021.
Current net transaction value: -$5,336,571.

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 %: +451%
Price: $7.76^*
Shares after: 12,216
Date: 12 Jul 2021
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Sale

Transaction value: $1,314,758
Shares: -3,550
Change %: -29%
Price: $370.35
Shares after: 8,666
Date: 12 Jul 2021
Ownership: Direct
Footnotes: F1, F2

ANET transaction

Common Stock

Sale

Transaction value: $705,331
Shares: -1,900
Change %: -22%
Price: $371.23
Shares after: 6,766
Date: 12 Jul 2021
Ownership: Direct
Footnotes: F1, F3

ANET transaction

Common Stock

Sale

Transaction value: $297,946
Shares: -800
Change %: -12%
Price: $372.43
Shares after: 5,966
Date: 12 Jul 2021
Ownership: Direct
Footnotes: F1, F4

ANET transaction

Common Stock

Sale

Transaction value: $728,620
Shares: -1,950
Change %: -33%
Price: $373.65
Shares after: 4,016
Date: 12 Jul 2021
Ownership: Direct
Footnotes: F1, F5

ANET transaction

Common Stock

Sale

Transaction value: $181,354
Shares: -484
Change %: -12%
Price: $374.70
Shares after: 3,532
Date: 12 Jul 2021
Ownership: Direct
Footnotes: F1, F6

ANET transaction

Common Stock

Sale

Transaction value: $419,273
Shares: -1,116
Change %: -32%
Price: $375.69
Shares after: 2,416
Date: 12 Jul 2021
Ownership: Direct
Footnotes: F1, F7

ANET transaction

Common Stock

Sale

Transaction value: $75,458
Shares: -200
Change %: -8.3%
Price: $377.29
Shares after: 2,216
Date: 12 Jul 2021
Ownership: Direct
Footnotes: F1, F8

ANET transaction

Common Stock

Sale

Transaction value: $323,727
Shares: -874
Change %: -2.6%
Price: $370.40
Shares after: 32,682
Date: 12 Jul 2021
Ownership: By Childrens' Trust
Footnotes: F9, F10, F11

ANET transaction

Common Stock

Sale

Transaction value: $299,953
Shares: -808
Change %: -2.5%
Price: $371.23
Shares after: 31,874
Date: 12 Jul 2021
Ownership: By Childrens' Trust
Footnotes: F9, F11, F12

ANET transaction

Common Stock

Sale

Transaction value: $111,730
Shares: -300
Change %: -0.94%
Price: $372.43
Shares after: 31,574
Date: 12 Jul 2021
Ownership: By Childrens' Trust
Footnotes: F9, F11, F13

ANET transaction

Common Stock

Sale

Transaction value: $329,839
Shares: -883
Change %: -2.8%
Price: $373.54
Shares after: 30,691
Date: 12 Jul 2021
Ownership: By Childrens' Trust
Footnotes: F9, F11, F14

ANET transaction

Common Stock

Sale

Transaction value: $156,267
Shares: -417
Change %: -1.4%
Price: $374.74
Shares after: 30,274
Date: 12 Jul 2021
Ownership: By Childrens' Trust
Footnotes: F9, F11, F15

ANET transaction

Common Stock

Sale

Transaction value: $150,436
Shares: -400
Change %: -1.3%
Price: $376.09
Shares after: 29,874
Date: 12 Jul 2021
Ownership: By Childrens' Trust
Footnotes: F9, F11, F16

ANET transaction

Common Stock

Sale

Transaction value: $150,916
Shares: -400
Change %: -1.3%
Price: $377.29
Shares after: 29,474
Date: 12 Jul 2021
Ownership: By Childrens' Trust
Footnotes: F9, F11, F17

ANET transaction

Common Stock

Sale

Transaction value: $42,547
Shares: -114
Change %: -0.26%
Price: $373.22
Shares after: 43,486
Date: 12 Jul 2021
Ownership: By Foundation
Footnotes: F18, F19, F20

ANET transaction

Common Stock

Sale

Transaction value: $51,241
Shares: -137
Change %: -0.32%
Price: $374.02
Shares after: 43,349
Date: 12 Jul 2021
Ownership: By Foundation
Footnotes: F18, F20, F21

ANET transaction

Common Stock

Sale

Transaction value: $38,275
Shares: -102
Change %: -0.24%
Price: $375.25
Shares after: 43,247
Date: 12 Jul 2021
Ownership: By Foundation
Footnotes: F18, F20, F22

ANET transaction

Common Stock

Sale

Transaction value: $28,951
Shares: -77
Change %: -0.18%
Price: $375.99
Shares after: 43,170
Date: 12 Jul 2021
Ownership: By Foundation
Footnotes: F18, F20, F23

ANET transaction

Common Stock

Sale

Transaction value: $7,548
Shares: -20
Change %: -0.05%
Price: $377.38
Shares after: 43,150
Date: 12 Jul 2021
Ownership: By Foundation
Footnotes: F18, F20, F24

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 96,018
Date: 12 Jul 2021
Ownership: By GRAT JD
Footnotes: F25

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 96,018
Date: 12 Jul 2021
Ownership: By GRAT KD
Footnotes: F26

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 148,237
Date: 12 Jul 2021
Ownership: by Trust
Footnotes: F27

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 %: -12%
Price: $0.000000
Shares after: 70,000
Date: 12 Jul 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price: $7.76
Footnotes: F1, F28

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 28 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 $369.82 to $370.72, 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 $370.82 to $371.80, 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 $371.92 to $372.91, 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 F5

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $373.15 to $374.14, 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 $374.22 to $375.20, 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 $375.25 to $376.20, 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 $377.13 to $377.45, 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.

Footnote F9

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.

Footnote F10

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $369.87 to $370.85, 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 F11

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 F12

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $370.89 to $371.55, 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 F13

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $372.15 to $372.985, 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 F14

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $373.165 to $374.12, 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 F15

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $374.26 to $374.89, 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 F16

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $375.775 to $376.32, 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 F17

Footnote F18

The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on December 14, 2020 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.

Footnote F19

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $372.65 to $373.645, 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 F20

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

Footnote F21

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $373.665 to $374.385, 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 F22

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $374.70 to $375.69, 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 F23

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $375.74 to $376.45, 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.

Footnote F24

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $376.90 to $377.45, 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.

Footnote F25

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

Footnote F26

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

Footnote F27

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

Footnote F28

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.