0001596532-23-000163.txt : 20230614 0001596532-23-000163.hdr.sgml : 20230614 20230614190341 ACCESSION NUMBER: 0001596532-23-000163 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230612 FILED AS OF DATE: 20230614 DATE AS OF CHANGE: 20230614 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Duda Kenneth CENTRAL INDEX KEY: 0001605808 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36468 FILM NUMBER: 231015606 MAIL ADDRESS: STREET 1: C/O ARISTA NETWORKS, INC. STREET 2: 5453 GREAT AMERICA PARKWAY CITY: SANTA CLARA STATE: CA ZIP: 95054 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Arista Networks, Inc. CENTRAL INDEX KEY: 0001596532 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 201751121 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5453 GREAT AMERICA PARKWAY CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 408-547-5500 MAIL ADDRESS: STREET 1: 5453 GREAT AMERICA PARKWAY CITY: SANTA CLARA STATE: CA ZIP: 95054 4 1 edgardoc.xml PRIMARY DOCUMENT X0407 4 2023-06-12 0 0001596532 Arista Networks, Inc. ANET 0001605808 Duda Kenneth 5453 GREAT AMERICA PARKWAY SANTA CLARA CA 95054 0 1 0 0 CTO and SVP Software Eng. 1 Common Stock 2023-06-12 4 M 0 20000 7.6675 A 23244 D Common Stock 2023-06-12 4 S 0 3193 163.6186 D 20051 D Common Stock 2023-06-12 4 S 0 4397 164.754 D 15654 D Common Stock 2023-06-12 4 S 0 1384 165.6737 D 14270 D Common Stock 2023-06-12 4 S 0 1703 166.6498 D 12567 D Common Stock 2023-06-12 4 S 0 3977 167.8921 D 8590 D Common Stock 2023-06-12 4 S 0 3487 168.8164 D 5103 D Common Stock 2023-06-12 4 S 0 1859 169.4033 D 3244 D Common Stock 2023-06-12 4 S 0 2554 163.6186 D 270754 I By Childrens' Trust Common Stock 2023-06-12 4 S 0 3517 164.754 D 267237 I By Childrens' Trust Common Stock 2023-06-12 4 S 0 1108 165.6737 D 266129 I By Childrens' Trust Common Stock 2023-06-12 4 S 0 1362 166.6498 D 264767 I By Childrens' Trust Common Stock 2023-06-12 4 S 0 3182 167.8921 D 261585 I By Childrens' Trust Common Stock 2023-06-12 4 S 0 2790 168.8164 D 258795 I By Childrens' Trust Common Stock 2023-06-12 4 S 0 1487 169.4033 D 257308 I By Childrens' Trust Common Stock 2023-06-12 4 S 0 501 163.5726 D 229599 I By Foundation Common Stock 2023-06-12 4 S 0 900 164.7447 D 228699 I By Foundation Common Stock 2023-06-12 4 S 0 400 166.3563 D 228299 I By Foundation Common Stock 2023-06-12 4 S 0 800 167.7796 D 227499 I By Foundation Common Stock 2023-06-12 4 S 0 798 169.0029 D 226701 I By Foundation Common Stock 2023-06-12 4 S 0 101 169.4834 D 226600 I By Foundation Common Stock 2023-06-12 4 G 0 23392 0.0 D 318446 I By GRAT JD Common Stock 2023-06-12 4 G 0 23392 0.0 D 318446 I By GRAT KD Common Stock 2023-06-12 4 G 0 46784 0.0 A 124357 I by Trust Non-Qualified Stock Option (right to buy) 7.6675 2023-06-12 4 M 0 20000 0.0 D 2024-02-10 Common Stock 20000 120000 D The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on February 24, 2023. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.15 to $164.12, 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 $164.16 to $165.15, 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 $165.16 to $166.14, 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 $166.24 to $167.20, 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 $167.27 to $168.25, 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 $168.27 to $169.25, 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 $169.27 to $169.59, 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 February 24, 2023. These shares are held in multiple trusts for the benefit of the children of the reporting person for which the reporting person serves as 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 December 12, 2022 by the reporting person's 501(c) Foundation, for which the reporting person and his spouse serve as co-trustee. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.20 to $163.95, 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. These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.36 to $165.18, 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 $165.81 to $166.61, 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 $167.29 to $168.16, 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 $168.47 to $169.30, 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 $169.48 to $169.50, 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. Represents 23,392 shares contributed from the GRAT of the Reporting Persons spouse to the family Trust. Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts. Represents 23,392 shares contributed from the GRAT of the Reporting Person to the family Trust. Reporting person is the trustee of the Kenneth Duda Annuity Trusts. Represents an aggregate of 46,784 shares transferred by GRAT of the Reporting Person (23,392 shares), and GRAT of the Reporting Person's spouse (23,392 shares) to the family Trust. These shares are held by a family trust for which the reporting person is co-trustee. 1/5th of the shares subject to the option vested and become exercisable on December 1, 2018 and 1/60th of the shares subject to the option shall vest monthly thereafter. By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Kenneth Duda 2023-06-14