ANET insider Kenneth Duda reports major option exercise, stock sales

Q: What insider transaction did ANET executive Kenneth Duda report on this Form 4?

Kenneth Duda, a director and President/CTO of Arista Networks (ANET) , reported exercising a non-qualified stock option for 30,000 shares of common stock and selling multiple blocks of Arista shares on 11/17/2025 .

Q: What prices were the Arista Networks (ANET) shares sold for in Kenneth Duda’s Form 4?

The sales reported on 11/17/2025 occurred at weighted average prices , with ranges disclosed as $125.515 to $126.47 , $126.52 to $127.51 , $127.55 to $128.52 , $128.58 to $129.54 , $129.60 to $129.93 , $130.84 to $131.82 , and $131.86 to $132.81 per share.

Q: How many ANET shares does Kenneth Duda own directly after the reported transactions?

Following the transactions on 11/17/2025 , Kenneth Duda reported 12,976 shares of Arista Networks common stock held in direct ownership .

Q: What indirect Arista Networks (ANET) holdings are reported for Kenneth Duda?

The filing lists indirect holdings including 1,159,168 shares held by a children’s trust, 542,400 shares held by a 501(c) foundation, 762,035 shares held by each of two GRATs, and 9,303 shares in a family trust, all reported as indirect ownership .

Q: What is the vesting schedule described for the ANET stock option in this Form 4?

The explanation notes that 1/60th of the shares subject to the option vested and became exercisable on April 1, 2017 , and 1/60th vested monthly thereafter until fully vested.

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Arista Networks (ANET) director and President/CTO Kenneth Duda reported option exercises and stock sales. On 11/17/2025, he exercised a non-qualified stock option for 30,000 shares of common stock at an exercise price of $3.515 per share, increasing his direct holdings before subsequent sales.

That same day he sold multiple blocks of Arista common stock at weighted average prices ranging from $125.515 to $132.81 per share, under Rule 10b5-1 trading plans entered on March 13, 2025. After these transactions, he directly owned 12,976 shares, with additional indirect holdings including 1,159,168 shares held by a children’s trust, 542,400 shares held by a 501(c) foundation, two GRATs holding 762,035 shares each, and 9,303 shares in a family trust.

Insider Trade Summary

Net Seller: 56,000 shares ($7,202,391)

Net Sell 26 txns

Insider Duda Kenneth

Role President and CTO

Sold 56,000 shs ($7.20M)

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	30,000	$0.00	--
Exercise	Common Stock	30,000	$3.515	$105K
Sale	Common Stock	5,307	$125.8977	$668K
Sale	Common Stock	4,740	$126.9987	$602K
Sale	Common Stock	3,362	$128.1106	$431K
Sale	Common Stock	9,262	$129.1556	$1.20M
Sale	Common Stock	2,177	$129.7379	$282K
Sale	Common Stock	2,877	$131.3683	$378K
Sale	Common Stock	2,275	$132.2978	$301K
Sale	Common Stock	2,831	$125.8977	$356K
Sale	Common Stock	2,528	$126.9987	$321K
Sale	Common Stock	1,792	$128.1106	$230K
Sale	Common Stock	4,940	$129.1556	$638K
Sale	Common Stock	1,160	$129.7379	$150K
Sale	Common Stock	1,535	$131.3683	$202K
Sale	Common Stock	1,214	$132.2978	$161K
Sale	Common Stock	1,769	$125.8977	$223K
Sale	Common Stock	1,580	$126.9987	$201K
Sale	Common Stock	1,121	$128.1106	$144K
Sale	Common Stock	3,087	$129.1556	$399K
Sale	Common Stock	726	$129.7379	$94K
Sale	Common Stock	959	$131.3683	$126K
Sale	Common Stock	758	$132.2978	$100K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 60,000 shares (Direct); Common Stock — 42,976 shares (Direct); Common Stock — 1,172,337 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 $125.515 to $126.47, 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 $126.52 to $127.51, 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 $127.55 to $128.52, 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 $128.58 to $129.54, 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 $129.60 to $129.93, 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 $130.84 to $131.82, 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 $131.86 to $132.81, 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. 1/60th of the shares subject to the option vested and became exercisable on April 1, 2017 and 1/60th of the shares subject to the option shall vested monthly thereafter.

Form 4 Insider Transactions: What Each Field Means →

11/19/2025 - 07:29 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Duda Kenneth

(Last)

(First)

(Middle)

5453 GREAT AMERICA PARKWAY

(Street)

SANTA CLARA

95054

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Arista Networks, Inc. [ ANET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CTO

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/17/2025		M⁽¹⁾		30,000	A	$3.515	42,976	D
Common Stock	11/17/2025		S⁽¹⁾		5,307	D	$125.8977⁽²⁾	37,669	D
Common Stock	11/17/2025		S⁽¹⁾		4,740	D	$126.9987⁽³⁾	32,929	D
Common Stock	11/17/2025		S⁽¹⁾		3,362	D	$128.1106⁽⁴⁾	29,567	D
Common Stock	11/17/2025		S⁽¹⁾		9,262	D	$129.1556⁽⁵⁾	20,305	D
Common Stock	11/17/2025		S⁽¹⁾		2,177	D	$129.7379⁽⁶⁾	18,128	D
Common Stock	11/17/2025		S⁽¹⁾		2,877	D	$131.3683⁽⁷⁾	15,251	D
Common Stock	11/17/2025		S⁽¹⁾		2,275	D	$132.2978⁽⁸⁾	12,976	D
Common Stock	11/17/2025		S⁽⁹⁾		2,831	D	$125.8977⁽²⁾	1,172,337	I	By Childrens' Trust⁽¹⁰⁾
Common Stock	11/17/2025		S⁽⁹⁾		2,528	D	$126.9987⁽³⁾	1,169,809	I	By Childrens' Trust⁽¹⁰⁾
Common Stock	11/17/2025		S⁽⁹⁾		1,792	D	$128.1106⁽⁴⁾	1,168,017	I	By Childrens' Trust⁽¹⁰⁾
Common Stock	11/17/2025		S⁽⁹⁾		4,940	D	$129.1556⁽⁵⁾	1,163,077	I	By Childrens' Trust⁽¹⁰⁾
Common Stock	11/17/2025		S⁽⁹⁾		1,160	D	$129.7379⁽⁶⁾	1,161,917	I	By Childrens' Trust⁽¹⁰⁾
Common Stock	11/17/2025		S⁽⁹⁾		1,535	D	$131.3683⁽⁷⁾	1,160,382	I	By Childrens' Trust⁽¹⁰⁾
Common Stock	11/17/2025		S⁽⁹⁾		1,214	D	$132.2978⁽⁸⁾	1,159,168	I	By Childrens' Trust⁽¹⁰⁾
Common Stock	11/17/2025		S⁽¹¹⁾		1,769	D	$125.8977⁽²⁾	550,631	I	By Foundation⁽¹²⁾
Common Stock	11/17/2025		S⁽¹¹⁾		1,580	D	$126.9987⁽³⁾	549,051	I	By Foundation⁽¹²⁾
Common Stock	11/17/2025		S⁽¹¹⁾		1,121	D	$128.1106⁽⁴⁾	547,930	I	By Foundation⁽¹²⁾
Common Stock	11/17/2025		S⁽¹¹⁾		3,087	D	$129.1556⁽⁵⁾	544,843	I	By Foundation⁽¹²⁾
Common Stock	11/17/2025		S⁽¹¹⁾		726	D	$129.7379⁽⁶⁾	544,117	I	By Foundation⁽¹²⁾
Common Stock	11/17/2025		S⁽¹¹⁾		959	D	$131.3683⁽⁷⁾	543,158	I	By Foundation⁽¹²⁾
Common Stock	11/17/2025		S⁽¹¹⁾		758	D	$132.2978⁽⁸⁾	542,400	I	By Foundation⁽¹²⁾
Common Stock								762,035	I	By GRAT JD⁽¹³⁾
Common Stock								762,035	I	By GRAT KD⁽¹⁴⁾
Common Stock								9,303	I	by Trust⁽¹⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$3.515	11/17/2025		M⁽¹⁾			30,000	⁽¹⁶⁾	02/11/2026	Common Stock	30,000	$0.0	60,000	D

Explanation of Responses:

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.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.515 to $126.47, 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $126.52 to $127.51, 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.55 to $128.52, 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.58 to $129.54, 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.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.60 to $129.93, 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.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.84 to $131.82, 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.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.86 to $132.81, 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.

9. 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.

10. 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.

11. 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.

12. These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.

13. Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.

14. Reporting person is the trustee of the Kenneth Duda Annuity Trusts.

15. These shares are held by a family trust for which the reporting person is co-trustee.

16. 1/60th of the shares subject to the option vested and became exercisable on April 1, 2017 and 1/60th of the shares subject to the option shall vested monthly thereafter.

	By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda	11/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ANET executive Kenneth Duda report on this Form 4?

Kenneth Duda, a director and President/CTO of Arista Networks (ANET), reported exercising a non-qualified stock option for 30,000 shares of common stock and selling multiple blocks of Arista shares on 11/17/2025.

At what price did the ANET option exercised by Kenneth Duda allow him to buy shares?

The non-qualified stock option exercised by Kenneth Duda on 11/17/2025 had an exercise price of $3.515 per share for 30,000 underlying shares of Arista common stock.

What prices were the Arista Networks (ANET) shares sold for in Kenneth Duda’s Form 4?

The sales reported on 11/17/2025 occurred at weighted average prices, with ranges disclosed as $125.515 to $126.47, $126.52 to $127.51, $127.55 to $128.52, $128.58 to $129.54, $129.60 to $129.93, $130.84 to $131.82, and $131.86 to $132.81 per share.

Were the ANET insider sales made under a Rule 10b5-1 trading plan?

Yes. The filing states that the exercise and/or sale of shares, as well as sales for the benefit of the reporting person’s children and a 501(c) foundation, were effected pursuant to Rule 10b5-1 trading plans entered into on March 13, 2025.

How many ANET shares does Kenneth Duda own directly after the reported transactions?

Following the transactions on 11/17/2025, Kenneth Duda reported 12,976 shares of Arista Networks common stock held in direct ownership.

What indirect Arista Networks (ANET) holdings are reported for Kenneth Duda?

The filing lists indirect holdings including 1,159,168 shares held by a children’s trust, 542,400 shares held by a 501(c) foundation, 762,035 shares held by each of two GRATs, and 9,303 shares in a family trust, all reported as indirect ownership.

What is the vesting schedule described for the ANET stock option in this Form 4?

The explanation notes that 1/60th of the shares subject to the option vested and became exercisable on April 1, 2017, and 1/60th vested monthly thereafter until fully vested.