Kenneth Duda - 22 Aug 2022 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Reporting relationship
CTO and SVP Software Eng.
Issuer ticker
ANET
Reported as of
22 Aug 2022
Net transaction value
-$884,894
Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
24 Aug 2022, 19:42:12 UTC
Prior SEC filing
12 Aug 2022
Next SEC filing
14 Sep 2022
Source filing
View source filing
Reporting owner 1 detail
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 24 Aug 2022.

Key facts

  • This page summarizes Kenneth Duda's Form 4 filing for Arista Networks, Inc. (ANET).
  • 17 reported transactions and 8 derivative rows are listed below.
  • Accepted by SEC: 24 Aug 2022, 19:42.

Change

  • Previous filing in this sequence was filed on 12 Aug 2022.
  • Current net transaction value: -$884,894.

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
$0
Shares
+4,000
Change %
+14%
Price
$0.000000
Shares after
32,855
Date
22 Aug 2022
Ownership
by Trust
Footnotes
F1, F2
ANET transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+1,500
Change %
+4.6%
Price
$0.000000
Shares after
34,355
Date
22 Aug 2022
Ownership
by Trust
Footnotes
F1, F2
ANET transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+1,248
Change %
+3.6%
Price
$0.000000
Shares after
35,603
Date
22 Aug 2022
Ownership
by Trust
Footnotes
F1, F2
ANET transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+1,748
Change %
+4.9%
Price
$0.000000
Shares after
37,351
Date
22 Aug 2022
Ownership
by Trust
Footnotes
F1, F2
ANET transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+2,668
Change %
+7.1%
Price
$0.000000
Shares after
40,019
Date
22 Aug 2022
Ownership
by Trust
Footnotes
F1, F2
ANET transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+1,428
Change %
+3.6%
Price
$0.000000
Shares after
41,447
Date
22 Aug 2022
Ownership
by Trust
Footnotes
F1, F2
ANET transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+678
Change %
+1.6%
Price
$0.000000
Shares after
42,125
Date
22 Aug 2022
Ownership
by Trust
Footnotes
F1, F2
ANET transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+760
Change %
+1.8%
Price
$0.000000
Shares after
42,885
Date
22 Aug 2022
Ownership
by Trust
Footnotes
F1, F2
ANET transaction

Common Stock

Tax liability

Transaction value
$884,894
Shares
-6,960
Change %
-16%
Price
$127.14
Shares after
35,925
Date
22 Aug 2022
Ownership
by Trust
Footnotes
F2, F3
ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,244
Date
22 Aug 2022
Ownership
Direct
ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
417,308
Date
22 Aug 2022
Ownership
By Childrens' Trust
Footnotes
F4
ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
261,600
Date
22 Aug 2022
Ownership
By Foundation
Footnotes
F5
ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
354,000
Date
22 Aug 2022
Ownership
By GRAT JD
Footnotes
F6
ANET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
354,000
Date
22 Aug 2022
Ownership
By GRAT KD
Footnotes
F7

Reported derivative securities

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

ANET transaction Derivative

Restricted Stock Unit-10

Options Exercise

Transaction value
$0
Shares
-760
Change %
-14%
Price
$0.000000
Shares after
4,584
Date
22 Aug 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
760
Exercise price
$0.000000
Footnotes
F1, F8
ANET transaction Derivative

Restricted Stock Unit-2

Options Exercise

Transaction value
$0
Shares
-4,000
Change %
-50%
Price
$0.000000
Shares after
4,000
Date
22 Aug 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,000
Exercise price
$0.000000
Footnotes
F1, F9
ANET transaction Derivative

Restricted Stock Unit-3

Options Exercise

Transaction value
$0
Shares
-1,500
Change %
-33%
Price
$0.000000
Shares after
3,000
Date
22 Aug 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,500
Exercise price
$0.000000
Footnotes
F1, F10
ANET transaction Derivative

Restricted Stock Unit-4

Options Exercise

Transaction value
$0
Shares
-1,248
Change %
-11%
Price
$0.000000
Shares after
10,000
Date
22 Aug 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,248
Exercise price
$0.000000
Footnotes
F1, F11
ANET transaction Derivative

Restricted Stock Unit-5

Options Exercise

Transaction value
$0
Shares
-1,748
Change %
-11%
Price
$0.000000
Shares after
14,000
Date
22 Aug 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,748
Exercise price
$0.000000
Footnotes
F1, F12
ANET transaction Derivative

Restricted Stock Unit-6

Options Exercise

Transaction value
$0
Shares
-2,668
Change %
-9.1%
Price
$0.000000
Shares after
26,648
Date
22 Aug 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,668
Exercise price
$0.000000
Footnotes
F1, F13
ANET transaction Derivative

Restricted Stock Unit-7

Options Exercise

Transaction value
$0
Shares
-1,428
Change %
-7.1%
Price
$0.000000
Shares after
18,556
Date
22 Aug 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,428
Exercise price
$0.000000
Footnotes
F1, F14
ANET transaction Derivative

Restricted Stock Unit-9

Options Exercise

Transaction value
$0
Shares
-678
Change %
-14%
Price
$0.000000
Shares after
4,089
Date
22 Aug 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
678
Exercise price
$0.000000
Footnotes
F1, F15
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 15 footnotes

Footnote F1

Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.

Footnote F2

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

Footnote F3

Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.

Footnote F4

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 F5

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

Footnote F6

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

Footnote F7

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

Footnote F8

This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests 1/3 on February 22, 2022, and will continue to vest quarterly over 2 years. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.

Footnote F9

Five percent (5%) of the restricted stock units awarded vested on February 20, 2018 and five percent (5%) of the award will continue to vest on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.

Footnote F10

Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on May 20, 2019 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, or November 20 of each year.

Footnote F11

Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on November 20, 2020 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.

Footnote F12

Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on November 20, 2020 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.

Footnote F13

Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on May 20, 2021 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.

Footnote F14

Six and one-quarter percent (6.25%) of the restricted stock units awarded will vest on February 20, 2022 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.

Footnote F15

This performance stock award was granted in the first quarter of 2021 and was earned based on attainment of certain performance conditions. The award vests 1/3 on February 22, 2022, and will continue to vest quarterly over 2 years. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.

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