Kenneth Duda - 06 Jan 2025 Form 4 Insider Report for Arista Networks, Inc. (ANET)

Role
CTO and SVP Software Eng., Director
Signature
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda
Issuer symbol
ANET
Transactions as of
06 Jan 2025
Net transactions value
-$18,633,452
Form type
4
Filing time
08 Jan 2025, 19:30:35 UTC
Previous filing
10 Dec 2024
Next filing
10 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANET Common Stock Options Exercise $322,304 +80,000 +617% $4.03 92,976 06 Jan 2025 Direct F1, F2
transaction ANET Common Stock Sale $2,326,394 -19,730 -21% $117.91 73,246 06 Jan 2025 Direct F1, F3
transaction ANET Common Stock Sale $6,890,708 -58,084 -79% $118.63 15,162 06 Jan 2025 Direct F1, F4
transaction ANET Common Stock Sale $260,776 -2,186 -14% $119.29 12,976 06 Jan 2025 Direct F1, F5
transaction ANET Common Stock Sale $1,861,115 -15,784 -1.3% $117.91 1,234,816 06 Jan 2025 By Childrens' Trust F2, F3, F6, F7
transaction ANET Common Stock Sale $5,512,543 -46,467 -3.8% $118.63 1,188,349 06 Jan 2025 By Childrens' Trust F4, F6, F7
transaction ANET Common Stock Sale $208,645 -1,749 -0.15% $119.29 1,186,600 06 Jan 2025 By Childrens' Trust F5, F6, F7
transaction ANET Common Stock Sale $465,279 -3,946 -0.58% $117.91 678,454 06 Jan 2025 By Foundation F2, F3, F8, F9
transaction ANET Common Stock Sale $1,378,165 -11,617 -1.7% $118.63 666,837 06 Jan 2025 By Foundation F4, F8, F9
transaction ANET Common Stock Sale $52,131 -437 -0.07% $119.29 666,400 06 Jan 2025 By Foundation F5, F8, F9
holding ANET Common Stock 626,224 06 Jan 2025 By GRAT JD F10
holding ANET Common Stock 626,224 06 Jan 2025 By GRAT KD F11
holding ANET Common Stock 524,484 06 Jan 2025 by Trust F12

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 -80,000 -33% $0.000000 160,000 06 Jan 2025 Common Stock 80,000 $4.03 Direct F1, F13
* 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 On December 4, 2024, the issuer completed a four-for-one stock split of the issuer's common stock. ALL AMOUNTS ON THIS FORM HAVE BEEN ADJUSTED TO GIVE EFFECT TO THIS STOCK SPLIT.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.24 to $118.23, 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 $118.24 to $119.23, 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 $119.24 to $119.45, 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 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.
F7 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.
F8 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.
F9 These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
F10 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F11 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F12 These shares are held by a family trust for which the reporting person is co-trustee.
F13 1/5th of the shares subject to the option vested on Dec. 1, 2017 and 1/60th of the shares subject to the option vested each month thereafter provided that the reporting person continue to be a service provider to the Issuer as of each vest date.