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

Reporting relationship: CTO and SVP Software Eng.
Issuer ticker: ANET
Reported as of: 10 Jun 2022
Net transaction value: -$3,625,100
SEC form: 4
Accepted by SEC: 14 Jun 2022, 20:24:04 UTC
Prior SEC filing: 24 May 2022
Next SEC filing: 13 Jul 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 14 Jun 2022.

Key facts

This page summarizes Kenneth Duda's Form 4 filing for Arista Networks, Inc. (ANET).
23 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 14 Jun 2022, 20:24.

Change

Previous filing in this sequence was filed on 24 May 2022.
Current net transaction value: -$3,625,100.

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: $153,350
Shares: +20,000
Change %: +617%
Price: $7.67^*
Shares after: 23,244
Date: 10 Jun 2022
Ownership: Direct
Footnotes: F1, F2

ANET transaction

Common Stock

Sale

Transaction value: $990,049
Shares: -10,388
Change %: -45%
Price: $95.31
Shares after: 12,856
Date: 10 Jun 2022
Ownership: Direct
Footnotes: F1, F3

ANET transaction

Common Stock

Sale

Transaction value: $863,829
Shares: -9,000
Change %: -70%
Price: $95.98
Shares after: 3,856
Date: 10 Jun 2022
Ownership: Direct
Footnotes: F1, F4

ANET transaction

Common Stock

Sale

Transaction value: $59,283
Shares: -612
Change %: -16%
Price: $96.87
Shares after: 3,244
Date: 10 Jun 2022
Ownership: Direct
Footnotes: F1, F5

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: +216,846
Change %: +87%
Price: $0.000000
Shares after: 465,308
Date: 01 Jun 2022
Ownership: By Childrens' Trust
Footnotes: F6

ANET transaction

Common Stock

Sale

Transaction value: $792,001
Shares: -8,310
Change %: -1.8%
Price: $95.31
Shares after: 456,998
Date: 10 Jun 2022
Ownership: By Childrens' Trust
Footnotes: F1, F3, F6

ANET transaction

Common Stock

Sale

Transaction value: $691,063
Shares: -7,200
Change %: -1.6%
Price: $95.98
Shares after: 449,798
Date: 10 Jun 2022
Ownership: By Childrens' Trust
Footnotes: F1, F4, F6

ANET transaction

Common Stock

Sale

Transaction value: $47,465
Shares: -490
Change %: -0.11%
Price: $96.87
Shares after: 449,308
Date: 10 Jun 2022
Ownership: By Childrens' Trust
Footnotes: F1, F5, F6

ANET transaction

Common Stock

Sale

Transaction value: $171,542
Shares: -1,800
Change %: -0.66%
Price: $95.30
Shares after: 270,300
Date: 10 Jun 2022
Ownership: By Foundation
Footnotes: F7, F8, F9

ANET transaction

Common Stock

Sale

Transaction value: $153,519
Shares: -1,600
Change %: -0.59%
Price: $95.95
Shares after: 268,700
Date: 10 Jun 2022
Ownership: By Foundation
Footnotes: F7, F9, F10

ANET transaction

Common Stock

Sale

Transaction value: $9,699
Shares: -100
Change %: -0.04%
Price: $96.99
Shares after: 268,600
Date: 10 Jun 2022
Ownership: By Foundation
Footnotes: F7, F9

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: +90,000
Change %: +24%
Price: $0.000000
Shares after: 463,056
Date: 25 May 2022
Ownership: By GRAT JD
Footnotes: F11

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: -84,633
Change %: -18%
Price: $0.000000
Shares after: 378,423
Date: 01 Jun 2022
Ownership: By GRAT JD
Footnotes: F11

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: -108,423
Change %: -29%
Price: $0.000000
Shares after: 270,000
Date: 01 Jun 2022
Ownership: By GRAT JD
Footnotes: F11

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: +84,000
Change %: +31%
Price: $0.000000
Shares after: 354,000
Date: 09 Jun 2022
Ownership: By GRAT JD
Footnotes: F11

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: +90,000
Change %: +24%
Price: $0.000000
Shares after: 463,056
Date: 25 May 2022
Ownership: By GRAT KD
Footnotes: F12

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: -84,633
Change %: -18%
Price: $0.000000
Shares after: 378,423
Date: 01 Jun 2022
Ownership: By GRAT KD
Footnotes: F12

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: -108,423
Change %: -29%
Price: $0.000000
Shares after: 270,000
Date: 01 Jun 2022
Ownership: By GRAT KD
Footnotes: F12

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: +84,000
Change %: +31%
Price: $0.000000
Shares after: 354,000
Date: 09 Jun 2022
Ownership: By GRAT KD
Footnotes: F12

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: -180,000
Change %: -87%
Price: $0.000000
Shares after: 27,589
Date: 25 May 2022
Ownership: by Trust
Footnotes: F2, F13

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: +169,266
Change %: +614%
Price: $0.000000
Shares after: 196,855
Date: 01 Jun 2022
Ownership: by Trust
Footnotes: F13

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: -168,000
Change %: -85%
Price: $0.000000
Shares after: 28,855
Date: 09 Jun 2022
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: -20,000
Change %: -5.3%
Price: $0.000000
Shares after: 360,000
Date: 10 Jun 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 20,000
Exercise price: $7.67
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 14, 2022.

Footnote F2

33,203 shares were previously reported as directly beneficially owned by the reporting person but were contributed to a family trust when they vested. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.705 to $95.70, 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 $95.71 to $96.70, 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 $96.78 to $97.02, 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

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 F7

The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on December 13, 2021 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.

Footnote F8

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.70 to $95.69, 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 F9

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

Footnote F10

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

1/5th of the shares subject to the option vested and become exercisable on December 1, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter.