Kenneth Duda - Sep 6, 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
Sep 6, 2024
Transactions value $
-$542,645
Form type
4
Date filed
9/10/2024, 07:11 PM
Previous filing
Aug 29, 2024
Next filing
Oct 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Sale -$107K -339 -0.18% $316.48 184K Sep 6, 2024 By Foundation F1, F2, F3
transaction ANET Common Stock Sale -$25.7K -81 -0.04% $317.52 184K Sep 6, 2024 By Foundation F1, F3, F4
transaction ANET Common Stock Sale -$47.2K -148 -0.08% $318.71 184K Sep 6, 2024 By Foundation F1, F3, F5
transaction ANET Common Stock Sale -$42.9K -134 -0.07% $320.20 184K Sep 6, 2024 By Foundation F1, F3, F6
transaction ANET Common Stock Sale -$18.9K -59 -0.03% $320.84 184K Sep 6, 2024 By Foundation F1, F3, F7
transaction ANET Common Stock Sale -$68.6K -213 -0.12% $322.21 183K Sep 6, 2024 By Foundation F1, F3, F8
transaction ANET Common Stock Sale -$95.6K -296 -0.16% $323.14 183K Sep 6, 2024 By Foundation F1, F3, F9
transaction ANET Common Stock Sale -$57.1K -176 -0.1% $324.38 183K Sep 6, 2024 By Foundation F1, F3, F10
transaction ANET Common Stock Sale -$38.7K -119 -0.07% $325.21 183K Sep 6, 2024 By Foundation F1, F3, F11
transaction ANET Common Stock Sale -$40.6K -124 -0.07% $327.12 183K Sep 6, 2024 By Foundation F1, F3, F12
holding ANET Common Stock 107K Sep 6, 2024 By GRAT JD F13
holding ANET Common Stock 107K Sep 6, 2024 By GRAT KD F14
holding ANET Common Stock 228K Sep 6, 2024 by Trust F15

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 -33.33% $0.00 40K Sep 6, 2024 Common Stock 20K $17.09 Direct F16, 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 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $316.14 to $317.045, 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 $317.19 to $318.18, 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $318.29 to $319.235, 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 $319.465 to $320.44, 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 $320.47 to $321.42, 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.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $321.69 to $322.645, 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 $322.75 to $323.74, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $323.75 to $324.70, 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.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $324.78 to $325.49, 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.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $326.86 to $327.24, 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 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F14 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F15 These shares are held by a family trust for which the reporting person is co-trustee.
F16 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.
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.