Kenneth Duda - Jun 12, 2023 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Stock symbol
ANET
Transactions as of
Jun 12, 2023
Transactions value $
-$6,425,862
Form type
4
Date filed
6/14/2023, 07:03 PM
Previous filing
Jun 12, 2023
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $153K +20K +616.52% $7.67* 23.2K Jun 12, 2023 Direct F1
transaction ANET Common Stock Sale -$522K -3.19K -13.74% $163.62 20.1K Jun 12, 2023 Direct F1, F2
transaction ANET Common Stock Sale -$724K -4.4K -21.93% $164.75 15.7K Jun 12, 2023 Direct F1, F3
transaction ANET Common Stock Sale -$229K -1.38K -8.84% $165.67 14.3K Jun 12, 2023 Direct F1, F4
transaction ANET Common Stock Sale -$284K -1.7K -11.93% $166.65 12.6K Jun 12, 2023 Direct F1, F5
transaction ANET Common Stock Sale -$668K -3.98K -31.65% $167.89 8.59K Jun 12, 2023 Direct F1, F6
transaction ANET Common Stock Sale -$589K -3.49K -40.59% $168.82 5.1K Jun 12, 2023 Direct F1, F7
transaction ANET Common Stock Sale -$315K -1.86K -36.43% $169.40 3.24K Jun 12, 2023 Direct F1, F8
transaction ANET Common Stock Sale -$418K -2.55K -0.93% $163.62 271K Jun 12, 2023 By Childrens' Trust F2, F9, F10
transaction ANET Common Stock Sale -$579K -3.52K -1.3% $164.75 267K Jun 12, 2023 By Childrens' Trust F3, F9, F10
transaction ANET Common Stock Sale -$184K -1.11K -0.41% $165.67 266K Jun 12, 2023 By Childrens' Trust F4, F9, F10
transaction ANET Common Stock Sale -$227K -1.36K -0.51% $166.65 265K Jun 12, 2023 By Childrens' Trust F5, F9, F10
transaction ANET Common Stock Sale -$534K -3.18K -1.2% $167.89 262K Jun 12, 2023 By Childrens' Trust F6, F9, F10
transaction ANET Common Stock Sale -$471K -2.79K -1.07% $168.82 259K Jun 12, 2023 By Childrens' Trust F7, F9, F10
transaction ANET Common Stock Sale -$252K -1.49K -0.57% $169.40 257K Jun 12, 2023 By Childrens' Trust F8, F9, F10
transaction ANET Common Stock Sale -$81.9K -501 -0.22% $163.57 230K Jun 12, 2023 By Foundation F11, F12, F13
transaction ANET Common Stock Sale -$148K -900 -0.39% $164.74 229K Jun 12, 2023 By Foundation F11, F13, F14
transaction ANET Common Stock Sale -$66.5K -400 -0.17% $166.36 228K Jun 12, 2023 By Foundation F11, F13, F15
transaction ANET Common Stock Sale -$134K -800 -0.35% $167.78 227K Jun 12, 2023 By Foundation F11, F13, F16
transaction ANET Common Stock Sale -$135K -798 -0.35% $169.00 227K Jun 12, 2023 By Foundation F11, F13, F17
transaction ANET Common Stock Sale -$17.1K -101 -0.04% $169.48 227K Jun 12, 2023 By Foundation F11, F13, F18
transaction ANET Common Stock Gift $0 -23.4K -6.84% $0.00 318K Jun 12, 2023 By GRAT JD F19, F20
transaction ANET Common Stock Gift $0 -23.4K -6.84% $0.00 318K Jun 12, 2023 By GRAT KD F21, F22
transaction ANET Common Stock Gift $0 +46.8K +60.31% $0.00 124K Jun 12, 2023 by Trust F23, F24

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ANET Non-Qualified Stock Option (right to buy) Options Exercise $0 -20K -14.29% $0.00 120K Jun 12, 2023 Common Stock 20K $7.67 Direct F1, F25
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
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 February 24, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.15 to $164.12, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.16 to $165.15, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.16 to $166.14, 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.24 to $167.20, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.27 to $168.25, 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.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.27 to $169.25, 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.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $169.27 to $169.59, 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.
F9 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 February 24, 2023.
F10 These shares are held in multiple trusts for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
F11 The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on December 12, 2022 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.20 to $163.95, 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.
F13 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.36 to $165.18, 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.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.81 to $166.61, 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.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.29 to $168.16, 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.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.47 to $169.30, 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.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $169.48 to $169.50, 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.
F19 Represents 23,392 shares contributed from the GRAT of the Reporting Persons spouse to the family Trust.
F20 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F21 Represents 23,392 shares contributed from the GRAT of the Reporting Person to the family Trust.
F22 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F23 Represents an aggregate of 46,784 shares transferred by GRAT of the Reporting Person (23,392 shares), and GRAT of the Reporting Person's spouse (23,392 shares) to the family Trust.
F24 These shares are held by a family trust for which the reporting person is co-trustee.
F25 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.