Kenneth Duda - 10 Jan 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Reporting relationship: CTO and SVP Software Eng.
Issuer ticker: ANET
Reported as of: 10 Jan 2022
Net transaction value: -$7,360,569
SEC form: 4
Accepted by SEC: 12 Jan 2022, 18:08:37 UTC
Prior SEC filing: 14 Dec 2021
Next SEC filing: 14 Feb 2022
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 12 Jan 2022.

Key facts

This page summarizes Kenneth Duda's Form 4 filing for Arista Networks, Inc. (ANET).
15 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 12 Jan 2022, 18:08.

Change

Previous filing in this sequence was filed on 14 Dec 2021.
Current net transaction value: -$7,360,569.

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: +40,000
Change %: +199%
Price: $1.94^*
Shares after: 60,117
Date: 10 Jan 2022
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Sale

Transaction value: $1,088,144
Shares: -8,600
Change %: -14%
Price: $126.53
Shares after: 51,517
Date: 10 Jan 2022
Ownership: Direct
Footnotes: F1, F2

ANET transaction

Common Stock

Sale

Transaction value: $1,632,406
Shares: -12,820
Change %: -25%
Price: $127.33
Shares after: 38,697
Date: 10 Jan 2022
Ownership: Direct
Footnotes: F1, F3

ANET transaction

Common Stock

Sale

Transaction value: $962,801
Shares: -7,500
Change %: -19%
Price: $128.37
Shares after: 31,197
Date: 10 Jan 2022
Ownership: Direct
Footnotes: F1, F4

ANET transaction

Common Stock

Sale

Transaction value: $1,074,341
Shares: -8,305
Change %: -27%
Price: $129.36
Shares after: 22,892
Date: 10 Jan 2022
Ownership: Direct
Footnotes: F1, F5

ANET transaction

Common Stock

Sale

Transaction value: $361,114
Shares: -2,775
Change %: -12%
Price: $130.13
Shares after: 20,117
Date: 10 Jan 2022
Ownership: Direct
Footnotes: F1, F6

ANET transaction

Common Stock

Sale

Transaction value: $468,499
Shares: -3,703
Change %: -10%
Price: $126.52
Shares after: 32,521
Date: 10 Jan 2022
Ownership: By Childrens' Trust
Footnotes: F7, F8, F9

ANET transaction

Common Stock

Sale

Transaction value: $751,410
Shares: -5,900
Change %: -18%
Price: $127.36
Shares after: 26,621
Date: 10 Jan 2022
Ownership: By Childrens' Trust
Footnotes: F7, F9, F10

ANET transaction

Common Stock

Sale

Transaction value: $282,498
Shares: -2,200
Change %: -8.3%
Price: $128.41
Shares after: 24,421
Date: 10 Jan 2022
Ownership: By Childrens' Trust
Footnotes: F7, F9, F11

ANET transaction

Common Stock

Sale

Transaction value: $490,130
Shares: -3,787
Change %: -16%
Price: $129.42
Shares after: 20,634
Date: 10 Jan 2022
Ownership: By Childrens' Trust
Footnotes: F7, F9, F12

ANET transaction

Common Stock

Sale

Transaction value: $97,074
Shares: -746
Change %: -3.6%
Price: $130.13
Shares after: 19,888
Date: 10 Jan 2022
Ownership: By Childrens' Trust
Footnotes: F7, F9, F13

ANET transaction

Common Stock

Sale

Transaction value: $126,902
Shares: -1,000
Change %: -0.35%
Price: $126.90
Shares after: 285,200
Date: 10 Jan 2022
Ownership: By Foundation
Footnotes: F14, F15, F16

ANET transaction

Common Stock

Sale

Transaction value: $51,214
Shares: -400
Change %: -0.14%
Price: $128.03
Shares after: 284,800
Date: 10 Jan 2022
Ownership: By Foundation
Footnotes: F14, F16, F17

ANET transaction

Common Stock

Sale

Transaction value: $51,636
Shares: -400
Change %: -0.14%
Price: $129.09
Shares after: 284,400
Date: 10 Jan 2022
Ownership: By Foundation
Footnotes: F14, F16, F18

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 564,072
Date: 10 Jan 2022
Ownership: By GRAT JD
Footnotes: F19

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 564,072
Date: 10 Jan 2022
Ownership: By GRAT KD
Footnotes: F20

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 53,264
Date: 10 Jan 2022
Ownership: by Trust
Footnotes: F21

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: -40,000
Change %: -50%
Price: $0.000000
Shares after: 40,000
Date: 10 Jan 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 40,000
Exercise price: $1.94
Footnotes: F1, F22

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 22 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 $125.91 to $126.905, 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 $126.91 to $127.90, 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 $127.92 to $128.91, 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 $128.92 to $129.91, 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 F6

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.9225 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.

Footnote F7

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 F8

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.91 to $126.89, 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 F9

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.

Footnote F10

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.96 to $127.95, 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

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.97 to $128.94, 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 F12

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.99 to $129.93, 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 $130.01 to $130.24, 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 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 F15

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.42 to $127.35, 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

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

Footnote F17

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.64 to $128.45, 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 F18

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.68 to $129.30, 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 F19

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

Footnote F20

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

Footnote F21

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

Footnote F22

1/4th of the 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.