Arista’s Kenneth Duda shifts 200K shares to GRATs
Arista’s President and CTO reallocated 200,000 indirectly held ANET shares among family trusts in non-market transactions, with overall economic exposure largely unchanged.
Rhea-AI Filing Summary
Arista Networks, Inc. (ANET) reports that President and CTO Kenneth Duda restructured indirect holdings of Common Stock on September 8, 2026. An aggregate of 200,000 shares was transferred from a family trust into two Grantor Retained Annuity Trusts (one for him and one for his spouse), and the family trust’s position was reduced by the same amount. These are non-market, no‑price transactions among related trusts, and no Rule 10b5‑1 trading plan is reported. Following these changes, Duda continues to hold shares directly and indirectly through multiple trusts and a charitable foundation, and he disclaims beneficial ownership of shares held in trusts for his children.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 400,000 shares
Other
6 txns
Insider
Duda Kenneth
Role
President and CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1, F2 | 100,000 | $0.00 | $0.00 |
| Other | Common Stock F3, F4 | 100,000 | $0.00 | $0.00 |
| Other | Common Stock F5, F6 | 200,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
| holding | Common Stock F8 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 720,720 shares (Indirect, By GRAT JD);
Common Stock — 719,237 shares (Indirect, By GRAT KD);
Common Stock — 24,695 shares (Indirect, by Trust);
Common Stock — 12,976 shares (Direct);
Common Stock — 1,186,918 shares (Indirect, By Childrens' Trust);
Common Stock — 452,400 shares (Indirect, By Foundation)
Footnotes (8)
- F1. Represents 100,000 shares transferred from the Family Trust to the GRAT of the Reporting Person's Spouse.
- F2. Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
- F3. Represents 100,000 shares transferred from the Family Trust to the GRAT of the Reporting Person.
- F4. Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
- F5. Represents an aggregate of 200,000 shares contributed to the GRAT of the Reporting Person (100,000 shares), and GRAT of the Reporting Person's spouse (100,000 shares)
- F6. These shares are held by a family trust for which the reporting person is co-trustee.
- F7. 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.
- F8. 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: 400,000 shares
Shares transferred to spouse’s GRAT: 100,000 shares
Shares transferred to reporting person’s GRAT: 100,000 shares
+5 more
8 metrics
Restructuring shares
400,000 shares
Total shares involved in code J restructuring transactions on September 8, 2026
Shares transferred to spouse’s GRAT
100,000 shares
Common Stock moved from Family Trust to GRAT of reporting person’s spouse
Shares transferred to reporting person’s GRAT
100,000 shares
Common Stock moved from Family Trust to GRAT of reporting person
Family Trust shares after transfer
24,695 shares
Common Stock held indirectly by a family trust after contributing 200,000 shares to GRATs
Spouse GRAT holding after transfer
720,720 shares
Common Stock held indirectly by GRAT of reporting person’s spouse after restructuring
Reporting person GRAT holding after transfer
719,237 shares
Common Stock held indirectly by GRAT of reporting person after restructuring
Children’s trusts holdings
1,186,918 shares
Common Stock in multiple trusts for the benefit of children; beneficial ownership disclaimed
Foundation holdings
452,400 shares
Common Stock held by a 501(c) Foundation where the reporting person and spouse are co‑trustees
Key Terms
GRAT, beneficial ownership, Family Trust, 501(c) Foundation, +1 more
5 terms
GRAT financial
"Represents 100,000 shares transferred from the Family Trust to the GRAT"
beneficial ownership financial
"The reporting person shares voting and investment control over the shares but disclaims beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Family Trust financial
"Represents 100,000 shares transferred from the Family Trust to the GRAT"
501(c) Foundation financial
"These shares are held by a 501(c) Foundation for which the reporting person"
co-trustee financial
"These shares are held by a family trust for which the reporting person is co-trustee"
FAQ
What did Arista Networks (ANET) executive Kenneth Duda report in this Form 4?
He reported non-market transfers totaling 200,000 shares of Arista Networks Common Stock from a family trust into two Grantor Retained Annuity Trusts (one for him, one for his spouse), along with updated indirect and direct share holdings across several trusts and a foundation.
What are Kenneth Duda’s reported direct holdings of ANET after these transactions?
The filing shows 12,976 shares of Arista Networks Common Stock held directly by Kenneth Duda after the September 8, 2026 transactions; other reported positions are held indirectly through various trusts and a foundation.
What indirect ANET holdings for Kenneth Duda’s children are reported in this Form 4?
The report lists 1,186,918 shares of Common Stock held in multiple trusts for the benefit of the reporting person’s children. He serves as trustee, shares voting and investment control, and disclaims beneficial ownership of these shares, according to the footnotes.
Does this ANET Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The document-level Rule 10b5‑1 checkbox is not marked as affirmative, and the footnotes do not state that the restructuring transactions were executed under a Rule 10b5‑1 or similar pre‑arranged trading plan.
What charitable or foundation holdings of ANET stock are disclosed for Kenneth Duda?
The filing shows 452,400 shares of Arista Networks Common Stock held by a 501(c) Foundation for which Kenneth Duda and his spouse serve as co‑trustees, reported as indirect ownership through that foundation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
