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

Reporting relationship: CTO and SVP Software Eng.
Issuer ticker: ANET
Reported as of: 10 Aug 2022
Net transaction value: -$4,810,829
SEC form: 4
Accepted by SEC: 12 Aug 2022, 17:47:51 UTC
Prior SEC filing: 13 Jul 2022
Next SEC filing: 24 Aug 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 Aug 2022.

Key facts

This page summarizes Kenneth Duda's Form 4 filing for Arista Networks, Inc. (ANET).
16 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 12 Aug 2022, 17:47.

Change

Previous filing in this sequence was filed on 13 Jul 2022.
Current net transaction value: -$4,810,829.

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 Aug 2022
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Sale

Transaction value: $216,373
Shares: -1,752
Change %: -7.5%
Price: $123.50
Shares after: 21,492
Date: 10 Aug 2022
Ownership: Direct
Footnotes: F1, F2

ANET transaction

Common Stock

Sale

Transaction value: $382,663
Shares: -3,082
Change %: -14%
Price: $124.16
Shares after: 18,410
Date: 10 Aug 2022
Ownership: Direct
Footnotes: F1, F3

ANET transaction

Common Stock

Sale

Transaction value: $944,403
Shares: -7,528
Change %: -41%
Price: $125.45
Shares after: 10,882
Date: 10 Aug 2022
Ownership: Direct
Footnotes: F1, F4

ANET transaction

Common Stock

Sale

Transaction value: $294,952
Shares: -2,333
Change %: -21%
Price: $126.43
Shares after: 8,549
Date: 10 Aug 2022
Ownership: Direct
Footnotes: F1, F5

ANET transaction

Common Stock

Sale

Transaction value: $675,084
Shares: -5,305
Change %: -62%
Price: $127.25
Shares after: 3,244
Date: 10 Aug 2022
Ownership: Direct
Footnotes: F1, F6

ANET transaction

Common Stock

Sale

Transaction value: $173,024
Shares: -1,401
Change %: -0.32%
Price: $123.50
Shares after: 431,907
Date: 10 Aug 2022
Ownership: By Childrens' Trust
Footnotes: F1, F2, F7

ANET transaction

Common Stock

Sale

Transaction value: $306,056
Shares: -2,465
Change %: -0.57%
Price: $124.16
Shares after: 429,442
Date: 10 Aug 2022
Ownership: By Childrens' Trust
Footnotes: F1, F3, F7

ANET transaction

Common Stock

Sale

Transaction value: $755,473
Shares: -6,022
Change %: -1.4%
Price: $125.45
Shares after: 423,420
Date: 10 Aug 2022
Ownership: By Childrens' Trust
Footnotes: F1, F4, F7

ANET transaction

Common Stock

Sale

Transaction value: $236,038
Shares: -1,867
Change %: -0.44%
Price: $126.43
Shares after: 421,553
Date: 10 Aug 2022
Ownership: By Childrens' Trust
Footnotes: F1, F5, F7

ANET transaction

Common Stock

Sale

Transaction value: $540,194
Shares: -4,245
Change %: -1%
Price: $127.25
Shares after: 417,308
Date: 10 Aug 2022
Ownership: By Childrens' Trust
Footnotes: F1, F6, F7

ANET transaction

Common Stock

Sale

Transaction value: $99,112
Shares: -800
Change %: -0.3%
Price: $123.89
Shares after: 264,300
Date: 10 Aug 2022
Ownership: By Foundation
Footnotes: F8, F9, F10

ANET transaction

Common Stock

Sale

Transaction value: $137,886
Shares: -1,100
Change %: -0.42%
Price: $125.35
Shares after: 263,200
Date: 10 Aug 2022
Ownership: By Foundation
Footnotes: F8, F10, F11

ANET transaction

Common Stock

Sale

Transaction value: $75,666
Shares: -600
Change %: -0.23%
Price: $126.11
Shares after: 262,600
Date: 10 Aug 2022
Ownership: By Foundation
Footnotes: F8, F10, F12

ANET transaction

Common Stock

Sale

Transaction value: $127,256
Shares: -1,000
Change %: -0.38%
Price: $127.26
Shares after: 261,600
Date: 10 Aug 2022
Ownership: By Foundation
Footnotes: F8, F10, F13

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 354,000
Date: 10 Aug 2022
Ownership: By GRAT JD
Footnotes: F14

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 354,000
Date: 10 Aug 2022
Ownership: By GRAT KD
Footnotes: F15

ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 28,855
Date: 10 Aug 2022
Ownership: by Trust
Footnotes: F16

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 %: -5.9%
Price: $0.000000
Shares after: 320,000
Date: 10 Aug 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 20,000
Exercise price: $7.67
Footnotes: F1, F17

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 17 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

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.86 to $123.84, 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 $123.89 to $124.73, 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 $124.91 to $125.87, 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 $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 F6

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 $127.64, 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

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 F8

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 F9

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.58 to $124.29, 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 F10

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

Footnote F11

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.70 to $125.66, 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 $125.73 to $126.71, 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 $126.77 to $127.69, 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 F14

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

Footnote F15

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

Footnote F16

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

Footnote F17

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.