Arista Networks (ANET) exec Duda reallocates 400K shares to family trusts
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 100,000 | $0.00 | -- |
| Other | Common Stock | 100,000 | $0.00 | -- |
| Other | Common Stock | 200,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents 100,000 shares transferred from the Family Trust to the GRAT of the Reporting Person's Spouse. Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts. Represents 100,000 shares transferred from the Family Trust to the GRAT of the Reporting Person. Reporting person is the trustee of the Kenneth Duda Annuity Trusts. 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). These shares are held by a family trust for which the reporting person is co-trustee. 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. These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.