Kenneth Duda - Apr 7, 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
Stock symbol
ANET
Transactions as of
Apr 7, 2025
Transactions value $
-$2,112
Form type
4
Date filed
4/9/2025, 07:18 PM
Previous filing
Mar 11, 2025
Next filing
May 8, 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 Sale -$2.11K -30 0% $70.40 618K Apr 7, 2025 By Foundation F1, F2, F3
holding ANET Common Stock 600K Apr 7, 2025 By GRAT JD F4
holding ANET Common Stock 600K Apr 7, 2025 By GRAT KD F5
holding ANET Common Stock 318K Apr 7, 2025 by Trust F6

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 -80K -20% $0.00 320K Apr 7, 2025 Common Stock 80K $3.52 Direct F7, F8
* 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 $70.34 to $70.50, 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 Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
F5 Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
F6 These shares are held by a family trust for which the reporting person is co-trustee.
F7 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.
F8 1/60th of the shares subject to the option vested and became exercisable on April 1, 2017 and 1/60th of the shares subject to the option shall vested monthly thereafter.