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
6 transactions reported
Mixed
6 txns
Insider
Duda Kenneth
Role
President and CTO
| 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 802,147 shares (Indirect, By GRAT JD);
Common Stock — 802,147 shares (Indirect, By GRAT KD);
Common Stock — 16,623 shares (Indirect, by Trust);
Common Stock — 12,976 shares (Direct);
Common Stock — 1,063,168 shares (Indirect, By Childrens' Trust);
Common Stock — 482,400 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 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
Restructured shares: 400,000 shares
Contribution to GRATs: 200,000 shares
Transfer to spouse GRAT: 100,000 shares
+5 more
8 metrics
Restructured shares
400,000 shares
Aggregate restructuringShares in internal transfers
Contribution to GRATs
200,000 shares
Aggregate contributed to GRAT of reporting person and spouse
Transfer to spouse GRAT
100,000 shares
From Family Trust to GRAT of reporting person’s spouse
Transfer to Duda GRAT
100,000 shares
From Family Trust to GRAT of reporting person
GRAT KD holdings
802,147 shares
Indirect holdings by GRAT of reporting person
GRAT JD holdings
802,147 shares
Indirect holdings by GRAT of reporting person’s spouse
Foundation holdings
482,400 shares
Indirect holdings by 501(c) foundation
Children’s trust holdings
1,063,168 shares
Indirect holdings in a children’s trust
Key Terms
GRAT, Annuity Trusts, Family Trust, 501(c) Foundation, +1 more
5 terms
GRAT financial
"Represents 100,000 shares transferred from the Family Trust to the GRAT of the Reporting Person."
Annuity Trusts financial
"Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts."
Family Trust financial
"These shares are held by a family trust for which the reporting person is co-trustee."
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."
disclaims beneficial ownership financial
"The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Arista Networks (ANET) insider Kenneth Duda report on this Form 4?
Kenneth Duda reported internal share reallocations among family trusts and GRATs totaling 400,000 Arista shares. These "J" code transactions were recorded at $0.0000 per share and did not involve open-market buying or selling activity.
What are GRAT KD and GRAT JD in the Arista Networks Form 4 filing?
GRAT KD and GRAT JD are grantor retained annuity trusts associated with Kenneth Duda and his spouse. After the reported internal transfers, each GRAT is shown holding 802,147 Arista Networks common shares as indirect ownership positions in the filing.
Does Kenneth Duda’s Arista Networks Form 4 show any stock sales or purchases?
The Form 4 does not show any open-market stock sales or purchases by Kenneth Duda. Instead, it records "J" code transactions categorized as other acquisitions or dispositions, reflecting internal transfers among family trusts, GRATs, a foundation, and related entities.