Arista CTO reports trust share transfers in Form 4
Arista Networks President and CTO Kenneth Duda reported internal trust-related movements of Arista Networks common stock, with no open-market buying or selling.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 45,875 | $0.00 | $0.00 |
| Other | Common Stock | 45,875 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (7)
- F1. Represents 45,875 shares transferred to the Family Trust from the GRAT of the Reporting Person.
- F2. Reporting person is the trustee of the Kenneth Duda Annuity Trusts.
- F3. Represents 45,875 shares contributed from the GRAT of the Reporting Person.
- F4. These shares are held by a family trust for which the reporting person is co-trustee.
- F5. 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.
- F6. These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee.
- F7. 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
FAQ
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What did Arista Networks (ANET) executive Kenneth Duda report in this Form 4?
Were there any open-market buys or sells in Kenneth Duda’s ANET Form 4?
What are Kenneth Duda’s indirect holdings in Arista Networks after this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.