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

Reporting relationship: CTO and SVP Software Eng.
Issuer ticker: ANET
Reported as of: 10 Oct 2022
Net transaction value: -$4,164,211
SEC form: 4
Accepted by SEC: 12 Oct 2022, 19:35:44 UTC
Prior SEC filing: 14 Sep 2022
Next SEC filing: 14 Nov 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 Oct 2022.

Key facts

This page summarizes Kenneth Duda's Form 4 filing for Arista Networks, Inc. (ANET).
30 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 12 Oct 2022, 19:35.

Change

Previous filing in this sequence was filed on 14 Sep 2022.
Current net transaction value: -$4,164,211.

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 Oct 2022
Ownership: Direct
Footnotes: F1

ANET transaction

Common Stock

Sale

Transaction value: $297,130
Shares: -2,784
Change %: -12%
Price: $106.73
Shares after: 20,460
Date: 10 Oct 2022
Ownership: Direct
Footnotes: F1, F2

ANET transaction

Common Stock

Sale

Transaction value: $382,958
Shares: -3,549
Change %: -17%
Price: $107.91
Shares after: 16,911
Date: 10 Oct 2022
Ownership: Direct
Footnotes: F1, F3

ANET transaction

Common Stock

Sale

Transaction value: $920,393
Shares: -8,444
Change %: -50%
Price: $109.00
Shares after: 8,467
Date: 10 Oct 2022
Ownership: Direct
Footnotes: F1, F4

ANET transaction

Common Stock

Sale

Transaction value: $146,099
Shares: -1,333
Change %: -16%
Price: $109.60
Shares after: 7,134
Date: 10 Oct 2022
Ownership: Direct
Footnotes: F1, F5

ANET transaction

Common Stock

Sale

Transaction value: $185,387
Shares: -1,663
Change %: -23%
Price: $111.48
Shares after: 5,471
Date: 10 Oct 2022
Ownership: Direct
Footnotes: F1, F6

ANET transaction

Common Stock

Sale

Transaction value: $56,244
Shares: -501
Change %: -9.2%
Price: $112.26
Shares after: 4,970
Date: 10 Oct 2022
Ownership: Direct
Footnotes: F1, F7

ANET transaction

Common Stock

Sale

Transaction value: $94,909
Shares: -837
Change %: -17%
Price: $113.39
Shares after: 4,133
Date: 10 Oct 2022
Ownership: Direct
Footnotes: F1, F8

ANET transaction

Common Stock

Sale

Transaction value: $37,981
Shares: -333
Change %: -8.1%
Price: $114.06
Shares after: 3,800
Date: 10 Oct 2022
Ownership: Direct
Footnotes: F1, F9

ANET transaction

Common Stock

Sale

Transaction value: $64,895
Shares: -556
Change %: -15%
Price: $116.72
Shares after: 3,244
Date: 10 Oct 2022
Ownership: Direct
Footnotes: F1, F10

ANET transaction

Common Stock

Sale

Transaction value: $237,789
Shares: -2,228
Change %: -0.56%
Price: $106.73
Shares after: 399,080
Date: 10 Oct 2022
Ownership: By Childrens' Trust
Footnotes: F1, F2, F11

ANET transaction

Common Stock

Sale

Transaction value: $306,345
Shares: -2,839
Change %: -0.71%
Price: $107.91
Shares after: 396,241
Date: 10 Oct 2022
Ownership: By Childrens' Trust
Footnotes: F1, F3, F11

ANET transaction

Common Stock

Sale

Transaction value: $736,402
Shares: -6,756
Change %: -1.7%
Price: $109.00
Shares after: 389,485
Date: 10 Oct 2022
Ownership: By Childrens' Trust
Footnotes: F1, F4, F11

ANET transaction

Common Stock

Sale

Transaction value: $116,945
Shares: -1,067
Change %: -0.27%
Price: $109.60
Shares after: 388,418
Date: 10 Oct 2022
Ownership: By Childrens' Trust
Footnotes: F1, F5, F11

ANET transaction

Common Stock

Sale

Transaction value: $148,265
Shares: -1,330
Change %: -0.34%
Price: $111.48
Shares after: 387,088
Date: 10 Oct 2022
Ownership: By Childrens' Trust
Footnotes: F1, F6, F11

ANET transaction

Common Stock

Sale

Transaction value: $44,905
Shares: -400
Change %: -0.1%
Price: $112.26
Shares after: 386,688
Date: 10 Oct 2022
Ownership: By Childrens' Trust
Footnotes: F1, F7, F11

ANET transaction

Common Stock

Sale

Transaction value: $75,860
Shares: -669
Change %: -0.17%
Price: $113.39
Shares after: 386,019
Date: 10 Oct 2022
Ownership: By Childrens' Trust
Footnotes: F1, F8, F11

ANET transaction

Common Stock

Sale

Transaction value: $30,453
Shares: -267
Change %: -0.07%
Price: $114.06
Shares after: 385,752
Date: 10 Oct 2022
Ownership: By Childrens' Trust
Footnotes: F1, F9, F11

ANET transaction

Common Stock

Sale

Transaction value: $51,823
Shares: -444
Change %: -0.12%
Price: $116.72
Shares after: 385,308
Date: 10 Oct 2022
Ownership: By Childrens' Trust
Footnotes: F1, F10, F11

ANET transaction

Common Stock

Sale

Transaction value: $52,006
Shares: -487
Change %: -0.19%
Price: $106.79
Shares after: 257,613
Date: 10 Oct 2022
Ownership: By Foundation
Footnotes: F12, F13, F14

ANET transaction

Common Stock

Sale

Transaction value: $76,938
Shares: -713
Change %: -0.28%
Price: $107.91
Shares after: 256,900
Date: 10 Oct 2022
Ownership: By Foundation
Footnotes: F12, F14, F15

ANET transaction

Common Stock

Sale

Transaction value: $163,502
Shares: -1,500
Change %: -0.58%
Price: $109.00
Shares after: 255,400
Date: 10 Oct 2022
Ownership: By Foundation
Footnotes: F12, F14, F16

ANET transaction

Common Stock

Sale

Transaction value: $10,979
Shares: -100
Change %: -0.04%
Price: $109.79
Shares after: 255,300
Date: 10 Oct 2022
Ownership: By Foundation
Footnotes: F12, F14

ANET transaction

Common Stock

Sale

Transaction value: $44,703
Shares: -400
Change %: -0.16%
Price: $111.76
Shares after: 254,900
Date: 10 Oct 2022
Ownership: By Foundation
Footnotes: F12, F14, F17

ANET transaction

Common Stock

Sale

Transaction value: $11,309
Shares: -100
Change %: -0.04%
Price: $113.09
Shares after: 254,800
Date: 10 Oct 2022
Ownership: By Foundation
Footnotes: F12, F14, F18

ANET transaction

Common Stock

Sale

Transaction value: $23,341
Shares: -200
Change %: -0.08%
Price: $116.71
Shares after: 254,600
Date: 10 Oct 2022
Ownership: By Foundation
Footnotes: F12, F14, F19

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: -60,556
Change %: -17%
Price: $0.000000
Shares after: 293,444
Date: 14 Sep 2022
Ownership: By GRAT JD
Footnotes: F20

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: -60,556
Change %: -17%
Price: $0.000000
Shares after: 293,444
Date: 14 Sep 2022
Ownership: By GRAT KD
Footnotes: F21

ANET transaction

Common Stock

Gift

Transaction value: $0
Shares: +121,112
Change %: +337%
Price: $0.000000
Shares after: 157,037
Date: 14 Sep 2022
Ownership: by Trust

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 %: -6.7%
Price: $0.000000
Shares after: 280,000
Date: 10 Oct 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 20,000
Exercise price: $7.67
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 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 $106.39 to $107.355, 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 $107.40 to $108.345, 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 $108.44 to $109.43, 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 $109.45 to $109.83, 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 $110.73 to $111.72, 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 F7

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.75 to $112.705, 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 $112.77 to $113.66, 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 F9

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.05 to $114.08, 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

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.46 to $116.93, 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 F11

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 F12

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 F13

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.48 to $107.47, 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

These shares are held by a 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 $107.48 to $108.23, 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 $108.68 to $109.37, 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

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.43 to $112.42, 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 $113.07 to $113.11, 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

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.47 to $116.93, 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 F20

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

Footnote F21

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

Footnote F22

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.