Kenneth Duda - Oct 7, 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
Oct 7, 2024
Transactions value $
-$15,446,029
Form type
4
Date filed
10/9/2024, 07:15 PM
Previous filing
Sep 10, 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 Oct 7, 2024 Direct F1
transaction ANET Common Stock Sale -$1.35M -3.44K -14.8% $391.03 19.8K Oct 7, 2024 Direct F1, F2
transaction ANET Common Stock Sale -$793K -2.02K -10.21% $391.95 17.8K Oct 7, 2024 Direct F1, F3
transaction ANET Common Stock Sale -$216K -550 -3.09% $392.97 17.2K Oct 7, 2024 Direct F1, F4
transaction ANET Common Stock Sale -$631K -1.6K -9.29% $394.32 15.6K Oct 7, 2024 Direct F1, F5
transaction ANET Common Stock Sale -$2.29M -5.8K -37.1% $395.22 9.83K Oct 7, 2024 Direct F1, F6
transaction ANET Common Stock Sale -$748K -1.89K -19.2% $396.02 7.94K Oct 7, 2024 Direct F1, F7
transaction ANET Common Stock Sale -$1.17M -2.95K -37.13% $397.22 4.99K Oct 7, 2024 Direct F1, F8
transaction ANET Common Stock Sale -$598K -1.5K -30.04% $398.42 3.49K Oct 7, 2024 Direct F1, F9
transaction ANET Common Stock Sale -$99.7K -250 -7.16% $398.98 3.24K Oct 7, 2024 Direct F1, F10
transaction ANET Common Stock Sale -$1.08M -2.75K -0.76% $391.03 358K Oct 7, 2024 By Childrens' Trust F2, F11, F12
transaction ANET Common Stock Sale -$634K -1.62K -0.45% $391.95 356K Oct 7, 2024 By Childrens' Trust F3, F11, F13
transaction ANET Common Stock Sale -$173K -440 -0.12% $392.97 356K Oct 7, 2024 By Childrens' Trust F4, F11, F12
transaction ANET Common Stock Sale -$505K -1.28K -0.36% $394.32 355K Oct 7, 2024 By Childrens' Trust F5, F11, F12
transaction ANET Common Stock Sale -$1.83M -4.64K -1.31% $395.22 350K Oct 7, 2024 By Childrens' Trust F6, F11, F12
transaction ANET Common Stock Sale -$598K -1.51K -0.43% $396.02 348K Oct 7, 2024 By Childrens' Trust F7, F11, F12
transaction ANET Common Stock Sale -$937K -2.36K -0.68% $397.22 346K Oct 7, 2024 By Childrens' Trust F8, F11, F12
transaction ANET Common Stock Sale -$478K -1.2K -0.35% $398.42 345K Oct 7, 2024 By Childrens' Trust F9, F11, F12
transaction ANET Common Stock Sale -$79.8K -200 -0.06% $398.98 345K Oct 7, 2024 By Childrens' Trust F10, F11, F12
transaction ANET Common Stock Sale -$269K -688 -0.38% $391.03 182K Oct 7, 2024 By Foundation F2, F14, F15
transaction ANET Common Stock Sale -$158K -404 -0.22% $391.95 182K Oct 7, 2024 By Foundation F3, F14, F15
transaction ANET Common Stock Sale -$43.2K -110 -0.06% $392.97 181K Oct 7, 2024 By Foundation F4, F14, F15
transaction ANET Common Stock Sale -$126K -320 -0.18% $394.32 181K Oct 7, 2024 By Foundation F5, F14, F15
transaction ANET Common Stock Sale -$458K -1.16K -0.64% $395.22 180K Oct 7, 2024 By Foundation F6, F14, F15
transaction ANET Common Stock Sale -$150K -378 -0.21% $396.02 180K Oct 7, 2024 By Foundation F7, F14, F15
transaction ANET Common Stock Sale -$234K -590 -0.33% $397.22 179K Oct 7, 2024 By Foundation F8, F14, F15
transaction ANET Common Stock Sale -$120K -300 -0.17% $398.42 179K Oct 7, 2024 By Foundation F9, F14, F15
transaction ANET Common Stock Sale -$19.9K -50 -0.03% $398.98 179K Oct 7, 2024 By Foundation F10, F14, F15
holding ANET Common Stock 107K Oct 7, 2024 By GRAT JD F16
holding ANET Common Stock 107K Oct 7, 2024 By GRAT KD 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 $390.57 to $391.55, 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 $391.57 to $392.49, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $392.60 to $393.30, 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $393.71 to $394.70, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $394.72 to $395.68, 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.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $395.72 to $396.48, 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 $396.81 to $397.79, 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 $397.93 to $398.77, 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.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $398.97 to $398.98, 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 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.
F12 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.
F13 1/4th of the shares subject to the option vested and became exercisable on December 1, 2014 and 1/48th of the shares subject to the option vested each month thereafter.
F14 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.
F15 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F16 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F17 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.