Kenneth Duda - Jul 10, 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
Jul 10, 2023
Transactions value $
-$554,580
Form type
4
Date filed
7/12/2023, 06:37 PM
Previous filing
Jun 15, 2023
Next filing
Jul 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Sale -$23.5K -150 -0.07% $156.46 226K Jul 10, 2023 By Foundation F1, F2, F3
transaction ANET Common Stock Sale -$221K -1.4K -0.62% $157.86 225K Jul 10, 2023 By Foundation F1, F3, F4
transaction ANET Common Stock Sale -$214K -1.35K -0.6% $158.85 224K Jul 10, 2023 By Foundation F1, F3, F5
transaction ANET Common Stock Sale -$95.7K -600 -0.27% $159.45 223K Jul 10, 2023 By Foundation F1, F3, F6
holding ANET Common Stock 3.24K Jul 10, 2023 Direct
holding ANET Common Stock 257K Jul 10, 2023 By Childrens' Trust F7
holding ANET Common Stock 318K Jul 10, 2023 By GRAT JD F8
holding ANET Common Stock 318K Jul 10, 2023 By GRAT KD F9
holding ANET Common Stock 116K Jul 10, 2023 by Trust F10
* 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 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.20 to $156.77, 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 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.29 to $158.21, 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 $158.305 to $159.29, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.31 to $159.555, 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 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.
F8 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F9 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F10 These shares are held by a family trust for which the reporting person is co-trustee.