On 07/17/2025 Arista Networks (ANET) CTO & SVP Software Eng. Kenneth Duda exercised 30,000 options at an exercise price of $3.515 and immediately sold an equivalent 30,000 common shares in four blocks between $109.25-$112.03. His direct holdings fell from 42,976 to 12,976 shares.
Under separate Rule 10b5-1 plans adopted 13-Mar-2025, a children’s trust sold 16,000 shares and a charitable foundation sold 10,000 shares at the same price ranges. Despite these sales, Duda maintains sizeable indirect ownership: 1.22 m shares via the children’s trust, 0.58 m via the foundation, 1.5 m across two GRATs, and 25,615 through a family trust, plus 180,000 unexercised options expiring 02/11/2026.
Total shares disposed across all entities equal 56,000 (~$6.1 m), a modest fraction of his >3.3 m-share exposure. Because the transactions were pre-planned, signaling risk is muted, yet the magnitude of direct-account selling may still be interpreted as profit-taking at elevated price levels.