Arista Networks (ANET) CTO Duda sells 58K shares after 32K option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arista Networks, Inc. President and CTO Kenneth Duda reported a mix of option exercise and share sales in Arista common stock on April 17, 2026.
He exercised options to acquire 32,000 shares at an exercise price of $15.2625 per share and, in a series of open‑market transactions, entities associated with him sold an aggregate of 58,000 shares at weighted average prices generally between about $160 and $165 per share, under Rule 10b5‑1 trading plans.
Following these transactions, Duda holds 43,652 shares directly and maintains significant indirect holdings, including 1,094,506 shares held by a children’s trust where he is co‑trustee, 501,986 shares held by a 501(c) foundation for which he and his spouse serve as co‑trustees, and additional shares in family and annuity trusts. Certain indirect holdings are reported with disclaimers of beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 58,000 shares ($9,472,085)
Net Sell
20 txns
Insider
Duda Kenneth
Role
President and CTO
Sold
58,000 shs ($9.47M)
| 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 | 1,324 | $161.1808 | $213K |
| Sale | Common Stock | 9,892 | $162.1464 | $1.60M |
| Sale | Common Stock | 6,410 | $163.0981 | $1.05M |
| Sale | Common Stock | 9,592 | $164.1796 | $1.57M |
| Sale | Common Stock | 4,782 | $164.8584 | $788K |
| Sale | Common Stock | 662 | $161.1808 | $107K |
| Sale | Common Stock | 4,946 | $162.1464 | $802K |
| Sale | Common Stock | 3,205 | $163.0981 | $523K |
| Sale | Common Stock | 4,796 | $164.1796 | $787K |
| Sale | Common Stock | 2,391 | $164.8584 | $394K |
| Sale | Common Stock | 414 | $161.1808 | $67K |
| Sale | Common Stock | 3,091 | $162.1464 | $501K |
| Sale | Common Stock | 2,003 | $163.0981 | $327K |
| Sale | Common Stock | 2,998 | $164.1796 | $492K |
| Sale | Common Stock | 1,494 | $164.8584 | $246K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 32,000 shares (Direct, null);
Common Stock — 44,976 shares (Direct, null);
Common Stock — 1,094,506 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 $160.53 to $161.50, 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 $161.59 to $162.57, 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 $162.59 to $163.589, 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 $163.5911 to $164.59, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.60 to $165.24, 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 per share
+5 more
8 metrics
Shares sold
58,000 shares
Aggregate open-market sales on April 17, 2026
Options exercised
32,000 shares
Non-qualified stock option exercise on April 17, 2026
Option exercise price
$15.2625 per share
Exercise price of non-qualified stock option
Direct holdings after transactions
43,652 shares
Common stock directly held after April 17, 2026 trades
Children’s trust holdings
1,094,506 shares
Common stock held by children’s trust after trades
Foundation holdings
501,986 shares
Common stock held by 501(c) foundation after trades
Family trust holdings
201,134 shares
Common stock held by family trust after trades
Rule 10b5-1 plans date
March 13, 2025
Date trading plans were entered into
Key Terms
Rule 10b5-1 trading plan, Non-Qualified Stock Option, weighted average price, 501(c) Foundation, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into..."
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
"security_title: "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. These shares were sold in multiple transactions..."
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 regulatory
"These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as 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.
beneficial ownership regulatory
"shares but disclaims beneficial ownership of the shares."
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.
FAQ
What insider transactions did ANET executive Kenneth Duda report on April 17, 2026?
Kenneth Duda reported exercising options for 32,000 Arista Networks (ANET) shares and related sales of 58,000 shares. The sales occurred through direct holdings, a family foundation, and a children’s trust in open‑market transactions under pre‑arranged Rule 10b5‑1 trading plans.
What stock options did Kenneth Duda exercise in Arista Networks (ANET)?
Kenneth Duda exercised non‑qualified stock options covering 32,000 Arista Networks (ANET) shares at an exercise price of $15.2625 per share. The corresponding derivative line shows 32,000 underlying common shares remaining subject to the option after the transaction, with expiration on April 12, 2028.
What indirect Arista Networks (ANET) holdings does Kenneth Duda report via trusts and a foundation?
Indirectly, Kenneth Duda reports 1,094,506 ANET shares held by a children’s trust, 501,986 shares held by a 501(c) foundation, 201,134 shares in a family trust, and 702,147 shares in each of the Kenneth and Jennifer Duda annuity trusts, with some positions accompanied by beneficial‑ownership disclaimers.