[Form 4] Arista Networks Insider Trading Activity
Kenneth Duda, CTO and SVP Software Engineering of Arista Networks (ANET), reported multiple transactions on 08/18/2025 under a Rule 10b5-1 plan. He exercised a non-qualified stock option to acquire 30,000 shares at an exercise price of $3.515. He sold multiple lots of common stock in several transactions at weighted-average prices of $135.5703, $136.4658 and $137.3889. The filing lists both direct and indirect holdings after the transactions, including indirect holdings in children’s trusts and a 501(c) foundation totaling over 1.2 million shares in some accounts, and indirect holdings of 750,000 shares each held by two grantor-retained annuity trusts (GRATs). The sales and option exercise were effected pursuant to previously adopted Rule 10b5-1 trading plans.
Kenneth Duda, CTO e SVP Software Engineering di Arista Networks (ANET), ha comunicato più operazioni il 18/08/2025 nell'ambito di un piano Rule 10b5-1. Ha esercitato un'opzione su azioni non qualificate per acquistare 30.000 azioni al prezzo di esercizio di $3,515. Ha venduto più blocchi di azioni ordinarie in diverse operazioni a prezzi medi ponderati di $135,5703, $136,4658 e $137,3889. Il deposito indica le partecipazioni dirette e indirette dopo le operazioni, comprese partecipazioni indirette in trust per minori e in una fondazione 501(c) per oltre 1,2 milioni di azioni in alcuni conti, oltre a partecipazioni indirette di 750.000 azioni detenute ciascuna da due grantor-retained annuity trust (GRAT). Le vendite e l'esercizio dell'opzione sono state eseguite ai sensi di piani di negoziazione Rule 10b5-1 precedentemente adottati.
Kenneth Duda, CTO y SVP de Ingeniería de Software de Arista Networks (ANET), informó varias transacciones el 18/08/2025 bajo un plan Rule 10b5-1. Ejerció una opción sobre acciones no cualificada para adquirir 30.000 acciones a un precio de ejercicio de $3,515. Vendió varios lotes de acciones ordinarias en distintas operaciones a precios promedio ponderados de $135,5703, $136,4658 y $137,3889. La presentación lista las tenencias directas e indirectas tras las operaciones, incluidas tenencias indirectas en fideicomisos para menores y una fundación 501(c) que suman más de 1,2 millones de acciones en algunas cuentas, y tenencias indirectas de 750.000 acciones mantenidas por separado por dos grantor-retained annuity trusts (GRAT). Las ventas y el ejercicio de la opción se realizaron conforme a planes de negociación Rule 10b5-1 adoptados previamente.
Arista Networks(ANET)� CTO � 소프트웨� 엔지니어� 수석부사장(SVP)� Kenneth Duda� 2025� 8� 18� Rule 10b5-1 계획� 따른 다수� 거래� 신고했습니다. 그는 비자� 주식옵션� 행사하여 행사가� $3.515� 30,000주를 취득했습니다. 보통� 여러 묶음� 가중평균가� $135.5703, $136.4658, $137.3889� 여러 거래� 걸쳐 매도했습니다. 제출서류에는 거래 � 직간� 보유내역� 기재되어 있으�, 아동 신탁� 501(c) 재단� 간접보유� 포함� 일부 계좌에서 � 120�� 이상, 그리� 각각 � 개의 grantor-retained annuity trust(GRAT)가 750,000주씩 간접 보유하고 있는 것으� 나타났습니다. 해당 매도와 옵션 행사� 사전� 채택� Rule 10b5-1 거래계획� 따라 이루어졌습니�.
Kenneth Duda, CTO et SVP Software Engineering d'Arista Networks (ANET), a déclaré plusieurs opérations le 18/08/2025 dans le cadre d'un plan Rule 10b5-1. Il a exercé une option d'achat d'actions non qualifiée pour acquérir 30 000 actions au prix d'exercice de 3,515 $. Il a vendu plusieurs lots d'actions ordinaires dans différentes transactions à des prix moyens pondérés de 135,5703 $, 136,4658 $ et 137,3889 $. Le dépôt indique les avoirs directs et indirects après les opérations, y compris des avoirs indirects dans des trusts pour enfants et une fondation 501(c) totalisant plus de 1,2 million d'actions dans certains comptes, ainsi que des avoirs indirects de 750 000 actions détenues chacun par deux grantor-retained annuity trusts (GRAT). Les ventes et l'exercice de l'option ont été effectués conformément à des plans de trading Rule 10b5-1 adoptés antérieurement.
Kenneth Duda, CTO und SVP Software Engineering von Arista Networks (ANET), meldete am 18.08.2025 mehrere Transaktionen im Rahmen eines Rule-10b5-1-Plans. Er übte eine nicht qualifizierte Aktienoption aus und erwarb 30.000 Aktien zum Ausübungspreis von $3,515. Er verkaufte mehrere Partien von Stammaktien in verschiedenen Transaktionen zu gewichteten Durchschnittspreisen von $135,5703, $136,4658 und $137,3889. Die Einreichung führt nach den Transaktionen sowohl direkte als auch indirekte Bestände auf, darunter indirekte Bestände in Treuhandkonten für Kinder und einer 501(c)-Stiftung mit insgesamt über 1,2 Millionen Aktien in einzelnen Konten sowie indirekte Bestände von je 750.000 Aktien, die von zwei grantor-retained annuity trusts (GRAT) gehalten werden. Die Verkäufe und die Ausübung der Option erfolgten gemäß zuvor eingerichteten Rule-10b5-1-Handelsplänen.
- Option exercise executed: 30,000 non-qualified stock option shares were exercised at $3.515.
- Trades executed under Rule 10b5-1 plans, indicating prearranged sale programs for the reporting person, children’s trusts, and foundation.
- Significant indirect holdings disclosed: certain trusts and foundation accounts report holdings in excess of 1.2 million shares and two GRATs hold 750,000 shares each.
- Multiple share disposals by the reporting person and related trusts on 08/18/2025, including sale lots reported across several weighted-average prices.
- Reduction in direct beneficial ownership reflected in the non-derivative table where direct holdings following transactions are lower than some prior positions (e.g., direct listed amounts such as 42,976, 35,884, 21,180, 12,976 in various lines).
Insights
TL;DR: Insider exercised options and sold stock under preplanned 10b5-1 programs; substantial indirect holdings remain.
The transactions show an exercise of 30,000 option shares at $3.515 and multiple sales executed at weighted-average prices between $135.57 and $137.39. Sales were implemented under 10b5-1 plans, indicating pre-scheduled dispositions rather than opportunistic trading. Post-transaction tables report significant indirect ownership through family trusts and a foundation, with certain accounts holding over 1.2 million shares, and two GRATs each holding 750,000 shares. For investors, these are routine executive liquidity actions and do not, by themselves, change disclosed long-term indirect ownership positions.
TL;DR: Trades conform to Rule 10b5-1 plans and include detailed disclosure of indirect holdings and trustee relationships.
The filing explicitly notes that trades for the reporting person, his children’s trusts, and his foundation were executed pursuant to Rule 10b5-1 plans adopted March 13, 2025. The disclosure identifies co-trustee roles and trustee arrangements, clarifying voting and investment control while disclaiming beneficial ownership where applicable. The form provides the weighted-average price ranges for multiple sale lots and commits to provide granular price information on request, meeting transparency expectations for Section 16 filings.
Kenneth Duda, CTO e SVP Software Engineering di Arista Networks (ANET), ha comunicato più operazioni il 18/08/2025 nell'ambito di un piano Rule 10b5-1. Ha esercitato un'opzione su azioni non qualificate per acquistare 30.000 azioni al prezzo di esercizio di $3,515. Ha venduto più blocchi di azioni ordinarie in diverse operazioni a prezzi medi ponderati di $135,5703, $136,4658 e $137,3889. Il deposito indica le partecipazioni dirette e indirette dopo le operazioni, comprese partecipazioni indirette in trust per minori e in una fondazione 501(c) per oltre 1,2 milioni di azioni in alcuni conti, oltre a partecipazioni indirette di 750.000 azioni detenute ciascuna da due grantor-retained annuity trust (GRAT). Le vendite e l'esercizio dell'opzione sono state eseguite ai sensi di piani di negoziazione Rule 10b5-1 precedentemente adottati.
Kenneth Duda, CTO y SVP de Ingeniería de Software de Arista Networks (ANET), informó varias transacciones el 18/08/2025 bajo un plan Rule 10b5-1. Ejerció una opción sobre acciones no cualificada para adquirir 30.000 acciones a un precio de ejercicio de $3,515. Vendió varios lotes de acciones ordinarias en distintas operaciones a precios promedio ponderados de $135,5703, $136,4658 y $137,3889. La presentación lista las tenencias directas e indirectas tras las operaciones, incluidas tenencias indirectas en fideicomisos para menores y una fundación 501(c) que suman más de 1,2 millones de acciones en algunas cuentas, y tenencias indirectas de 750.000 acciones mantenidas por separado por dos grantor-retained annuity trusts (GRAT). Las ventas y el ejercicio de la opción se realizaron conforme a planes de negociación Rule 10b5-1 adoptados previamente.
Arista Networks(ANET)� CTO � 소프트웨� 엔지니어� 수석부사장(SVP)� Kenneth Duda� 2025� 8� 18� Rule 10b5-1 계획� 따른 다수� 거래� 신고했습니다. 그는 비자� 주식옵션� 행사하여 행사가� $3.515� 30,000주를 취득했습니다. 보통� 여러 묶음� 가중평균가� $135.5703, $136.4658, $137.3889� 여러 거래� 걸쳐 매도했습니다. 제출서류에는 거래 � 직간� 보유내역� 기재되어 있으�, 아동 신탁� 501(c) 재단� 간접보유� 포함� 일부 계좌에서 � 120�� 이상, 그리� 각각 � 개의 grantor-retained annuity trust(GRAT)가 750,000주씩 간접 보유하고 있는 것으� 나타났습니다. 해당 매도와 옵션 행사� 사전� 채택� Rule 10b5-1 거래계획� 따라 이루어졌습니�.
Kenneth Duda, CTO et SVP Software Engineering d'Arista Networks (ANET), a déclaré plusieurs opérations le 18/08/2025 dans le cadre d'un plan Rule 10b5-1. Il a exercé une option d'achat d'actions non qualifiée pour acquérir 30 000 actions au prix d'exercice de 3,515 $. Il a vendu plusieurs lots d'actions ordinaires dans différentes transactions à des prix moyens pondérés de 135,5703 $, 136,4658 $ et 137,3889 $. Le dépôt indique les avoirs directs et indirects après les opérations, y compris des avoirs indirects dans des trusts pour enfants et une fondation 501(c) totalisant plus de 1,2 million d'actions dans certains comptes, ainsi que des avoirs indirects de 750 000 actions détenues chacun par deux grantor-retained annuity trusts (GRAT). Les ventes et l'exercice de l'option ont été effectués conformément à des plans de trading Rule 10b5-1 adoptés antérieurement.
Kenneth Duda, CTO und SVP Software Engineering von Arista Networks (ANET), meldete am 18.08.2025 mehrere Transaktionen im Rahmen eines Rule-10b5-1-Plans. Er übte eine nicht qualifizierte Aktienoption aus und erwarb 30.000 Aktien zum Ausübungspreis von $3,515. Er verkaufte mehrere Partien von Stammaktien in verschiedenen Transaktionen zu gewichteten Durchschnittspreisen von $135,5703, $136,4658 und $137,3889. Die Einreichung führt nach den Transaktionen sowohl direkte als auch indirekte Bestände auf, darunter indirekte Bestände in Treuhandkonten für Kinder und einer 501(c)-Stiftung mit insgesamt über 1,2 Millionen Aktien in einzelnen Konten sowie indirekte Bestände von je 750.000 Aktien, die von zwei grantor-retained annuity trusts (GRAT) gehalten werden. Die Verkäufe und die Ausübung der Option erfolgten gemäß zuvor eingerichteten Rule-10b5-1-Handelsplänen.