Arista Networks CTO exercises 17,333 stock options
Arista Networks, Inc. President and CTO Kenneth Duda reported an option exercise and updated share holdings.
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Form Type
4
Rhea-AI Filing Summary
Arista Networks, Inc. President and CTO Kenneth Duda reported an option exercise and updated share holdings. He exercised a Non-Qualified Stock Option to acquire 17,333 shares of common stock at an exercise price of $15.2769 per share, characterized as a derivative exercise rather than an open-market purchase. The filing also shows 106,890 shares of common stock held indirectly by a family trust for which he is co-trustee. The option activity was carried out under a Rule 10b5-1 trading plan, indicating it was pre-scheduled rather than a discretionary market-timed trade.
Insider Trade Summary 10b5-1
17,333 shares exercised/converted
Exercise
2 txns
Insider
Duda Kenneth
Role
President and CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 17,333 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 30,667 contracts (Direct);
Common Stock — 106,890 shares (Indirect, by Trust)
Footnotes (3)
- F1. These shares are held by a family trust for which the reporting person is co-trustee.
- F2. 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 11, 2026.
- F3. 1/48th of the shares subject to the option shall vest and become exercisable on December 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
Key Figures
Options exercised: 17,333 shares
Option exercise price: $15.2769 per share
Indirect trust holdings: 106,890 shares
+2 more
5 metrics
Options exercised
17,333 shares
Non-Qualified Stock Option exercise on 2026-06-22
Option exercise price
$15.2769 per share
Strike price for 17,333 underlying shares
Indirect trust holdings
106,890 shares
Common stock held by family trust as of 2026-06-22
Option expiration
2028-11-08
Expiration date of the Non-Qualified Stock Option
Option vesting schedule
1/48 monthly
Vests 1/48 on 2020-12-01 and monthly thereafter
Key Terms
Non-Qualified Stock Option, Rule 10b5-1 trading plan, family trust, co-trustee, +1 more
5 terms
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (right to buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
Rule 10b5-1 trading plan regulatory
"exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
family trust financial
"These shares are held by a family trust for which the reporting person is co-trustee."
co-trustee financial
"family trust for which the reporting person is co-trustee."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Arista Networks (ANET) report for Kenneth Duda?
Arista Networks reported that President and CTO Kenneth Duda exercised a Non-Qualified Stock Option to acquire 17,333 shares of common stock. This was a derivative exercise, not an open-market purchase, and reflects the use of previously granted equity compensation rather than a new investment.
At what price did Kenneth Duda exercise his Arista Networks (ANET) stock options?
Kenneth Duda exercised stock options with an exercise price of $15.2769 per share for 17,333 underlying common shares. This price reflects the grant’s strike price, not the market price on the exercise date, and comes from a long-term equity award vesting schedule.
Was Kenneth Duda’s Arista Networks (ANET) option exercise part of a Rule 10b5-1 plan?
Yes, the filing states the exercise and/or sale of shares was effected under a Rule 10b5-1 trading plan entered into on March 11, 2026. Such pre-arranged plans schedule trades in advance, reducing the significance of the exact timing of this option exercise activity.
What type of derivative security did Kenneth Duda exercise at Arista Networks (ANET)?
Kenneth Duda exercised a Non-Qualified Stock Option, described as a right to buy Arista Networks common stock. The transaction covered 17,333 underlying shares and is part of his equity compensation, vesting monthly over 48 months according to the vesting footnote in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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