Arista Networks (NYSE: ANET) CTO sells 58K shares, exercises 32K stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arista Networks, Inc. President and CTO Kenneth Duda reported a mix of option exercises and open-market sales of common stock. He exercised 32,000 shares under a non-qualified stock option at an exercise price of $15.2625 per share, increasing his directly held common stock to 44,976 shares after the exercise.
On the same date, entities associated with Duda, including a 501(c) foundation and trusts, sold a combined 58,000 shares of Arista common stock in open-market transactions at weighted average prices generally between $138.77 and $143.27 per share. Footnotes state that these sales, including those for the benefit of his children and by the foundation, were carried out under pre-established Rule 10b5-1 trading plans, and some trust-held shares are reported with disclaimers of beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 58,000 shares ($8,124,914)
Net Sell
20 txns
Insider
Duda Kenneth
Role
President and CTO
Sold
58,000 shs ($8.12M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 32,000 | $0.00 | -- |
| Exercise | Common Stock | 32,000 | $15.2625 | $488K |
| Sale | Common Stock | 14,501 | $139.4094 | $2.02M |
| Sale | Common Stock | 12,405 | $140.1325 | $1.74M |
| Sale | Common Stock | 3,081 | $141.3356 | $435K |
| Sale | Common Stock | 1,103 | $142.335 | $157K |
| Sale | Common Stock | 910 | $143.2324 | $130K |
| Sale | Common Stock | 7,251 | $139.4094 | $1.01M |
| Sale | Common Stock | 6,202 | $140.1325 | $869K |
| Sale | Common Stock | 1,540 | $141.3356 | $218K |
| Sale | Common Stock | 552 | $142.335 | $79K |
| Sale | Common Stock | 455 | $143.2324 | $65K |
| Sale | Common Stock | 4,532 | $139.4094 | $632K |
| Sale | Common Stock | 3,876 | $140.1325 | $543K |
| Sale | Common Stock | 963 | $141.3356 | $136K |
| Sale | Common Stock | 345 | $142.335 | $49K |
| Sale | Common Stock | 284 | $143.2324 | $41K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock — 44,976 shares (Direct, null);
Common Stock — 1,071,917 shares (Indirect, By Childrens' Trust)
Footnotes (1)
- 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 13, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $138.77 to $139.76, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $139.78 to $140.77, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.84 to $141.80, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.87 to $142.72, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $142.94 to $143.27, 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. The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person for the benefit of the reporting person's children on March 13, 2025. 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. The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into on March 13, 2025 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee. These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee. Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts. Reporting person is the trustee of the Kenneth Duda Annuity Trusts. These shares are held by a family trust for which the reporting person is co-trustee. 1/48th of the shares subject to the option shall vest and become exercisable on June 1, 2020 and 1/48th of the shares subject to the option shall continue to vest each month thereafter.
Key Figures
Shares sold: 58,000 shares
Options exercised: 32,000 shares
Option exercise price: $15.2625/share
+3 more
6 metrics
Shares sold
58,000 shares
Total open-market sales reported for 2026-05-18
Options exercised
32,000 shares
Non-qualified stock option exercise on 2026-05-18
Option exercise price
$15.2625/share
Exercise price for 32,000-share non-qualified option
Direct holdings after transactions
44,976 shares
Direct common stock position following 2026-05-18 activity
Highest weighted average sale price
$143.27/share
Upper end of reported sale price ranges
Lowest weighted average sale price
$138.77/share
Lower end of reported sale price ranges
Key Terms
Rule 10b5-1 trading plan, Non-Qualified Stock Option, weighted average price, 501(c) Foundation, +1 more
5 terms
Rule 10b5-1 trading plan financial
"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 13, 2025."
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.
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
501(c) Foundation financial
"These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee."
annuity trust financial
"Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts."
FAQ
What insider transactions did ANET executive Kenneth Duda report on this Form 4?
Kenneth Duda reported exercising options for 32,000 shares of Arista Networks common stock and related open-market sales totaling 58,000 shares. The transactions involved both his direct holdings and shares held indirectly through various trusts and a 501(c) foundation.
At what price did Kenneth Duda exercise Arista Networks (ANET) stock options?
Kenneth Duda exercised a non-qualified stock option for 32,000 shares at an exercise price of $15.2625 per share. This converted a derivative position into additional common stock as part of his compensation-related equity holdings in Arista Networks.