Kenneth Duda - Jul 8, 2024 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 8, 2024
Transactions value $
-$14,486,410
Form type
4
Date filed
7/10/2024, 06:06 PM
Previous filing
Jun 24, 2024
Next filing
Aug 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $342K +20K +616.52% $17.09* 23.2K Jul 8, 2024 Direct F1
transaction ANET Common Stock Sale -$550K -1.5K -6.45% $366.68 21.7K Jul 8, 2024 Direct F1, F2
transaction ANET Common Stock Sale -$202K -550 -2.53% $367.56 21.2K Jul 8, 2024 Direct F1, F3
transaction ANET Common Stock Sale -$499K -1.35K -6.37% $369.27 19.8K Jul 8, 2024 Direct F1, F4
transaction ANET Common Stock Sale -$1.78M -4.8K -24.18% $370.20 15K Jul 8, 2024 Direct F1, F5
transaction ANET Common Stock Sale -$2.33M -6.29K -41.81% $371.12 8.75K Jul 8, 2024 Direct F1, F6
transaction ANET Common Stock Sale -$1.42M -3.81K -43.52% $372.17 4.94K Jul 8, 2024 Direct F1, F7
transaction ANET Common Stock Sale -$597K -1.6K -32.36% $372.92 3.34K Jul 8, 2024 Direct F1, F8
transaction ANET Common Stock Sale -$37.4K -100 -2.99% $373.85 3.24K Jul 8, 2024 Direct F1, F9
transaction ANET Common Stock Sale -$440K -1.2K -0.29% $366.68 407K Jul 8, 2024 By Childrens' Trust F2, F10, F11
transaction ANET Common Stock Sale -$162K -440 -0.11% $367.56 407K Jul 8, 2024 By Childrens' Trust F3, F10, F11
transaction ANET Common Stock Sale -$399K -1.08K -0.27% $369.27 406K Jul 8, 2024 By Childrens' Trust F4, F10, F11
transaction ANET Common Stock Sale -$1.42M -3.84K -0.95% $370.20 402K Jul 8, 2024 By Childrens' Trust F5, F10, F11
transaction ANET Common Stock Sale -$1.87M -5.03K -1.25% $371.12 397K Jul 8, 2024 By Childrens' Trust F6, F10, F11
transaction ANET Common Stock Sale -$1.13M -3.05K -0.77% $372.17 394K Jul 8, 2024 By Childrens' Trust F7, F10, F11
transaction ANET Common Stock Sale -$477K -1.28K -0.32% $372.92 393K Jul 8, 2024 By Childrens' Trust F8, F10, F11
transaction ANET Common Stock Sale -$29.9K -80 -0.02% $373.85 393K Jul 8, 2024 By Childrens' Trust F9, F10, F11
transaction ANET Common Stock Sale -$110K -300 -0.15% $366.68 194K Jul 8, 2024 By Foundation F2, F12, F13
transaction ANET Common Stock Sale -$40.4K -110 -0.06% $367.56 194K Jul 8, 2024 By Foundation F3, F12, F13
transaction ANET Common Stock Sale -$99.7K -270 -0.14% $369.27 194K Jul 8, 2024 By Foundation F4, F12, F13
transaction ANET Common Stock Sale -$355K -960 -0.5% $370.20 193K Jul 8, 2024 By Foundation F5, F12, F13
transaction ANET Common Stock Sale -$467K -1.26K -0.65% $371.12 192K Jul 8, 2024 By Foundation F6, F12, F13
transaction ANET Common Stock Sale -$284K -762 -0.4% $372.17 191K Jul 8, 2024 By Foundation F7, F12, F13
transaction ANET Common Stock Sale -$119K -320 -0.17% $372.92 191K Jul 8, 2024 By Foundation F8, F12, F13
transaction ANET Common Stock Sale -$7.48K -20 -0.01% $373.85 191K Jul 8, 2024 By Foundation F9, F12, F13
holding ANET Common Stock 56.6K Jul 8, 2024 By GRAT JD F14
holding ANET Common Stock 56.6K Jul 8, 2024 By GRAT KD F15
holding ANET Common Stock 324K Jul 8, 2024 by Trust F16

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 -20% $0.00 80K Jul 8, 2024 Common Stock 20K $17.09 Direct F1, F17
* 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 March 14, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $366.12 to $366.95, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $367.20 to $368.00, 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 $368.70 to $369.56, 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 $369.70 to $370.68, 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 $370.71 to $371.70, 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 $371.71 to $372.70, 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 $372.73 to $373.33, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $373.78 to $373.92, 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.
F10 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 March 14, 2024.
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.
F12 The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on March 14, 2024 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee.
F13 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F14 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F15 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F16 These shares are held by a family trust for which the reporting person is co-trustee.
F17 1/5th of the shares subject to the option shall vested one year after December 1, 2016 and 1/60th of the shares subject to the option vested each month thereafter provided that the reporting person continues to be a service provider to the Issuer as of each vest date.