Arista’s Duda shifts 400K ANET shares to trusts
Arista Networks, Inc. President and CTO Kenneth Duda reported internal reallocations of Arista common stock among family-related entities.
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Rhea-AI Filing Summary
Arista Networks, Inc. President and CTO Kenneth Duda reported internal reallocations of Arista common stock among family-related entities. The filing shows three "J" code transactions labeled as other acquisitions or dispositions, moving a total of 400,000 shares at a reported price of $0.0000 per share.
Footnotes explain that 200,000 shares were contributed to annuity trusts for Duda and his spouse, with 100,000 shares transferred from a family trust to each GRAT. After these changes, indirect holdings include 802,147 shares in a GRAT of the reporting person, 802,147 shares in a GRAT of the reporting person’s spouse, 482,400 shares held by a 501(c) foundation, and 1,063,168 shares in a children’s trust, while 16,623 shares are held by a family trust and 12,976 shares are held directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 100,000 | $0.00 | $0.00 |
| Other | Common Stock | 100,000 | $0.00 | $0.00 |
| Other | Common Stock | 200,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 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.
- F8. These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
Key Figures
Key Terms
GRAT financial
Annuity Trusts financial
Family Trust financial
501(c) Foundation financial
disclaims beneficial ownership financial
FAQ
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What did Arista Networks (ANET) insider Kenneth Duda report on this Form 4?
What are GRAT KD and GRAT JD in the Arista Networks Form 4 filing?
Does Kenneth Duda’s Arista Networks Form 4 show any stock sales or purchases?
AI-generated analysis. How Rhea-AI works. Not financial advice.