Arista Networks (ANET) CTO Kenneth Duda reports 91,750-share trust restructuring
Rhea-AI Filing Summary
Arista Networks President and CTO Kenneth Duda reported internal trust-related movements of Arista Networks common stock, with no open-market buying or selling. Two transactions labeled code J reclassified 45,875 shares from a grantor retained annuity trust (GRAT) to related trusts at a stated price of $0.00 per share.
After these changes, indirect holdings include 756,272 shares held by a GRAT, 62,498 shares held by a family trust, 1,063,168 shares held by a children’s trust, 802,147 shares held by another GRAT, and 482,400 shares held by a 501(c) foundation. He also reports 12,976 shares held directly. Several trusts list him or his spouse as trustee or co-trustee, and one children’s trust position is reported with a disclaimer of beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 45,875 | $0.00 | -- |
| Other | Common Stock | 45,875 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents 45,875 shares transferred to the Family Trust from the GRAT of the Reporting Person. Reporting person is the trustee of the Kenneth Duda Annuity Trusts. Represents 45,875 shares contributed from the GRAT of the Reporting Person. 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. Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts.
Key Figures
Key Terms
GRAT financial
Family Trust financial
501(c) Foundation financial
co-trustee financial
disclaims beneficial ownership financial
AI-generated analysis. How Rhea-AI works. Not financial advice.