Arista CTO shifts 548K shares among family trusts
Rhea-AI Filing Summary
For Arista Networks, Inc. (ANET), President and CTO Kenneth Duda reported a series of code J restructuring transactions on August 28, 2026, reallocating 548,140 shares of common stock among various family-related trusts and entities. These include transfers from annuity trusts to a Children's Trust and a family trust, and between GRATs and a living trust, all at a reported price of $0.00 per share. Many of the indirectly held shares are in trusts or a 501(c) foundation where Duda or his spouse act as trustee, with footnotes stating shared control and, for certain children’s trusts, a disclaimer of beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Duda Kenneth
Role
President and CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1, F2 | 85,875 | $0.00 | $0.00 |
| Other | Common Stock F3, F2 | 85,875 | $0.00 | $0.00 |
| Other | Common Stock F4, F5 | 51,160 | $0.00 | $0.00 |
| Other | Common Stock F6, F5 | 42,937 | $0.00 | $0.00 |
| Other | Common Stock F7, F5 | 42,938 | $0.00 | $0.00 |
| Other | Common Stock F8, F9 | 51,160 | $0.00 | $0.00 |
| Other | Common Stock F10, F9 | 42,938 | $0.00 | $0.00 |
| Other | Common Stock F11, F9 | 42,937 | $0.00 | $0.00 |
| Other | Common Stock F12, F13 | 102,320 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F14 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,186,918 shares (Indirect, By Childrens' Trust);
Common Stock — 620,720 shares (Indirect, By GRAT JD);
Common Stock — 619,237 shares (Indirect, By GRAT KD);
Common Stock — 224,695 shares (Indirect, by Trust);
Common Stock — 12,976 shares (Direct);
Common Stock — 452,400 shares (Indirect, By Foundation)
Footnotes (14)
- F1. Represents 85,875 shares from the Ken Duda Annuity Trust to the Children's Trust.
- F2. These shares are held in multiple trusts for the benefit of the children of the reporting person for which the reporting person serves as trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares.
- F3. Represents 85,875 shares from the Jennifer Duda Annuity Trust to the Children's Trust.
- F4. Represents 51,160 shares from the Jennifer Duda Annuity Trust to the Kenneth and Jennifer Duda Living Trust.
- F5. Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
- F6. Represents 42,937 shares from the Jennifer Duda Annuity Trust to the Childrens Trust.
- F7. Represents 42,938 shares from the Jennifer Duda Annuity Trust to the Childrens Trust.
- F8. Represents 51,160 shares from the Kenneth Duda Annuity Trust to the Kenneth and Jennifer Duda Living Trust.
- F9. Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
- F10. Represents 42,938 shares from the Kenneth Duda Annuity Trust to the Childrens Trust.
- F11. Represents 42,937 shares from the Kenneth Duda Annuity Trust to the Childrens Trust.
- F12. Represents an aggregate of 102,320 shares transferred by the GRAT of the reporting person (51,160) and the GRAT of the reporting person's spouse (51,160) to the Family Trust.
- F13. These shares are held by a family trust for which the reporting person is co-trustee.
- F14. These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
Key Figures
Restructuring shares: 548,140 shares
Children's Trust transfers: 85,875 shares
Additional Children's Trust transfers: 85,875 shares
+5 more
8 metrics
Restructuring shares
548,140 shares
Total shares involved in code J restructuring transactions on August 28, 2026
Children's Trust transfers
85,875 shares
From Ken Duda Annuity Trust to Children's Trust (footnote F1)
Additional Children's Trust transfers
85,875 shares
From Jennifer Duda Annuity Trust to Children's Trust (footnote F3)
Transfer to Living Trust (spouse GRAT)
51,160 shares
From Jennifer Duda Annuity Trust to Kenneth and Jennifer Duda Living Trust (footnote F4)
Transfer to Living Trust (reporting person GRAT)
51,160 shares
From Kenneth Duda Annuity Trust to Kenneth and Jennifer Duda Living Trust (footnote F8)
Aggregate transfer to Family Trust
102,320 shares
From GRATs of reporting person and spouse to Family Trust (footnote F12)
Family Trust holdings after transfer
224,695 shares
Total shares held by family trust after August 28, 2026 transaction
Foundation holdings
452,400 shares
Indirectly held by 501(c) foundation where reporting person and spouse are co-trustees
Key Terms
GRAT, Childrens' Trust, 501(c) Foundation, disclaims beneficial ownership
4 terms
GRAT financial
"Represents an aggregate of 102,320 shares transferred by the GRAT of the reporting"
Childrens' Trust financial
"Represents 85,875 shares from the Ken Duda Annuity Trust to the Children's Trust."
501(c) Foundation financial
"These shares are held by a 501(c) Foundation for which the reporting person"
disclaims beneficial ownership financial
"The reporting person shares voting and investment control over the shares but disclaims"
FAQ
What did ANET insider Kenneth Duda report in this Form 4?
Kenneth Duda reported multiple code J restructuring transactions on August 28, 2026, reallocating 548,140 shares of Arista Networks common stock among various family trusts, GRATs, a living trust, and a foundation, all at a reported price of $0.00 per share.
Were the ANET Form 4 transactions market buys or sells?
No market purchases or sales were reported. All entries use transaction code J for “other acquisition or disposition,” reflecting internal transfers among trusts and related entities rather than open-market buy or sell transactions.
What ANET holdings does Kenneth Duda report as directly owned?
Kenneth Duda reports direct ownership of 12,976 shares of Arista Networks common stock as of the reported date. Additional shares are held indirectly through various trusts and a foundation.
What indirect ANET holdings are reported through a foundation and children’s trusts?
The filing shows 452,400 shares held indirectly by a 501(c) foundation where Kenneth Duda and his spouse serve as co-trustees. Shares in multiple children’s trusts are also reported, with a footnote stating he disclaims beneficial ownership of those children’s-trust shares.
Did Kenneth Duda use a Rule 10b5-1 plan for these ANET transactions?
The document-level Rule 10b5-1 checkbox is not checked, and the footnotes do not state that these restructuring transfers were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
