Form 4 for ANET Arista Networks
Accepted 2023-10-12 00:00:00 ET · period of report 2023-10-10 · accession 0001596532-23-000263 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2023-10-12 | 2023-10-10 | ANET | Duda Kenneth | CTO, SVP Software Eng | S - Sale+OE | $196.46 | -19.5K | 349.8K | -5% | -$3.83M |
| DM | 2023-10-12 | 2023-10-10 | ANET | Duda Kenneth | CTO, SVP Software Eng | S - Sale+OE | $196.46 | -20.0K | 6,032 | -77% | -$3.93M |
| D | 2023-10-12 | 2023-10-10 | ANET | Duda Kenneth | CTO, SVP Software Eng | M - OptEx | $7.67 | +20.0K | 23.2K | +617% | +$153.4K |
| D | 2023-10-12 | 2023-10-10 | ANET | Duda Kenneth | CTO, SVP Software Eng | M - OptEx | $0.00 | -20.0K | 40.0K | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-10-10 | S | D | 1,100 | $195.25 | 215,000 | I | — | — | (F9) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.545 to $195.45, 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. |
| 2 | Common | Common Stock | 2023-10-10 | S | D | 642 | $196.00 | 214,358 | I | — | — | (F11) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.58 to $196.49, 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. |
| 3 | Common | Common Stock | 2023-10-10 | S | D | 1,399 | $197.26 | 212,959 | I | — | — | (F12) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.64 to $197.59, 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. |
| 4 | Common | Common Stock | 2023-10-10 | S | D | 359 | $197.97 | 212,600 | I | — | — | (F13) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.80 to $198.32, 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. |
| 5 | Common | Common Stock | 2023-10-10 | S | D | 6,832 | $195.23 | 16,412 | D By Childrens' Trust | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.57 to $195.565, 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) 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. |
| 6 | Common | Common Stock | 2023-10-10 | M | A | 20,000 | $7.67 | 23,244 | D By Childrens' Trust | — | — | (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. |
| 7 | Common | Common Stock | 2023-10-10 | S | D | 2,230 | $197.82 | 339,268 | I | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.57 to $198.45, 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. |
| 8 | Common | Common Stock | 2023-10-10 | S | D | 6,171 | $197.21 | 341,498 | I By Foundation | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.57 to $197.56, 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) These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee. |
| 9 | Common | Common Stock | 2023-10-10 | S | D | 2,133 | $196.04 | 347,669 | I By Foundation | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.57 to $196.56, 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) These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee. |
| 10 | Common | Common Stock | 2023-10-10 | S | D | 2,667 | $196.04 | 13,745 | D By Childrens' Trust | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.57 to $196.56, 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) 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. |
| 11 | Common | Common Stock | 2023-10-10 | S | D | 2,788 | $197.82 | 3,244 | D By Foundation | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.57 to $198.45, 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. (F10) These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee. |
| 12 | Common | Common Stock | 2023-10-10 | S | D | 5,466 | $195.23 | 349,802 | I By Foundation | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.57 to $195.565, 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) These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee. |
| 13 | Common | Common Stock | 2023-10-10 | S | D | 7,713 | $197.21 | 6,032 | D By Childrens' Trust | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.57 to $197.56, 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) 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. |
| 14 | Derivative | Non-Qualified Stock Option (right to buy) | 2023-10-10 | M | D | 20,000 | $0.00 | 40,000 | D | $7.67 · 2018-12-01 to 2024-02-10 | 20,000 Common Stock | (F17) 1/5th of the shares subject to the option vested and become exercisable on December 1, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter. |