Arista Networks (NYSE: ANET) CTO Duda logs 43K-share sale under 10b5-1
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arista Networks, Inc. president and CTO Kenneth Duda reported insider transactions involving sales and an option exercise in Arista common stock. On June 22, 2026, entities associated with him had net open-market sales of 43,333 shares, recorded at weighted-average prices generally between about $167 and $175 per share under Rule 10b5-1 trading plans.
Most sales were made by a 501(c) foundation for which Duda and his spouse serve as co-trustees and by children’s trusts where he is co-trustee and disclaims beneficial ownership of the shares. Duda also exercised a derivative security to acquire 17,333 shares at $15.2769 per share and now holds 30,309 shares directly, with additional indirect holdings through GRATs, the foundation and the children’s trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 43,333 shares ($7,428,233)
Net Sell
30 txns
Insider
Duda Kenneth
Role
President and CTO
Sold
43,333 shs ($7.43M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 17,333 | $15.2769 | $265K |
| Sale | Common Stock | 440 | $167.3472 | $74K |
| Sale | Common Stock | 1,824 | $168.6321 | $308K |
| Sale | Common Stock | 4,537 | $169.3881 | $769K |
| Sale | Common Stock | 1,754 | $170.3667 | $299K |
| Sale | Common Stock | 1,566 | $171.4862 | $269K |
| Sale | Common Stock | 920 | $172.3236 | $159K |
| Sale | Common Stock | 2,323 | $173.6938 | $403K |
| Sale | Common Stock | 3,890 | $174.3686 | $678K |
| Sale | Common Stock | 79 | $175.04 | $14K |
| Sale | Common Stock | 406 | $167.3472 | $68K |
| Sale | Common Stock | 1,683 | $168.6321 | $284K |
| Sale | Common Stock | 4,187 | $169.3881 | $709K |
| Sale | Common Stock | 1,619 | $170.3667 | $276K |
| Sale | Common Stock | 1,445 | $171.4862 | $248K |
| Sale | Common Stock | 850 | $172.3236 | $146K |
| Sale | Common Stock | 2,145 | $173.6938 | $373K |
| Sale | Common Stock | 3,590 | $174.3686 | $626K |
| Sale | Common Stock | 75 | $175.04 | $13K |
| Sale | Common Stock | 254 | $167.3472 | $43K |
| Sale | Common Stock | 1,052 | $168.6321 | $177K |
| Sale | Common Stock | 2,617 | $169.3881 | $443K |
| Sale | Common Stock | 1,012 | $170.3667 | $172K |
| Sale | Common Stock | 903 | $171.4862 | $155K |
| Sale | Common Stock | 531 | $172.3236 | $92K |
| Sale | Common Stock | 1,341 | $173.6938 | $233K |
| Sale | Common Stock | 2,244 | $174.3686 | $391K |
| Sale | Common Stock | 46 | $175.04 | $8K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 30,309 shares (Direct, null);
Common Stock — 1,062,762 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 11, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.83 to $167.64, 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 $167.95 to $168.92, 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 $168.95 to $169.91, 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 $169.95 to $170.94, 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 $170.95 to $171.93, 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 $171.97 to $172.93, 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 $173.03 to $174.02, 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 $174.04 to $174.91, 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 11, 2026. 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 11, 2026 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.
Key Figures
Net shares sold: 43,333 shares
Derivative shares acquired: 17,333 shares
Exercise price: $15.2769 per share
+5 more
8 metrics
Net shares sold
43,333 shares
Net open-market sales reported on June 22, 2026
Derivative shares acquired
17,333 shares
Derivative exercise at $15.2769 per share
Exercise price
$15.2769 per share
Price for derivative exercise of 17,333 shares
Direct holdings after transactions
30,309 shares
Common stock held directly following Form 4 transactions
Foundation holdings after trades
482,146 shares
Common stock held by 501(c) foundation after sales
Children’s trust holdings after trades
1,062,762 shares
Common stock held by children’s trust after sales
GRAT KD holdings
756,272 shares
Common stock held indirectly by GRAT KD
GRAT JD holdings
757,755 shares
Common stock held indirectly by GRAT JD
Key Terms
Rule 10b5-1 trading plan, weighted average price, 501(c) Foundation, Annuity Trusts, +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 by the reporting person on March 11, 2026."
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.83 to $167.64, inclusive."
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 financial
"These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee."
Annuity Trusts financial
"Reporting person is the trustee of the Kenneth Duda Annuity Trusts."
co-trustee financial
"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."
disclaims beneficial ownership regulatory
"The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares."
FAQ
What insider transactions did ANET executive Kenneth Duda report?
Kenneth Duda reported net insider activity consisting of open-market sales and one derivative exercise. Related entities sold 43,333 Arista Networks common shares and a derivative security was exercised to acquire 17,333 shares, all recorded on June 22, 2026, in this Form 4 filing.
What option or derivative activity did Kenneth Duda report for ANET?
Kenneth Duda reported exercising a derivative security to acquire 17,333 Arista Networks common shares at $15.2769 per share. After this derivative exercise and the same-day sales, his direct holdings increased to 30,309 common shares according to the Form 4 data.