Form 4: Arista Networks CTO Duda Reports Stock Transfers

Arista Networks President and CTO Kenneth Duda reported transfers of common stock to family trusts, including his own and his spouse's GRATs, on November 25, 2025.

Summary

• Kenneth Duda, President and CTO of Arista Networks, Inc. [ANET], filed a Form 4 reporting changes in beneficial ownership.
• The filing details transfers of common stock that occurred on November 25, 2025.
• 79,074 shares were transferred to a Family Trust from the Grantor Retained Annuity Trust (GRAT) of Mr. Duda's spouse.
• An additional 79,074 shares were transferred to the Family Trust from Mr. Duda's own GRAT.
• An aggregate of 158,148 shares were transferred by both the reporting person's and spouse's GRATs to the Family Trust.
• Following these transactions, Mr. Duda directly beneficially owns 12,976 shares of Common Stock.
• Indirect beneficial ownership includes 682,961 shares via GRAT JD (spouse's trust), 682,961 shares via GRAT KD (his own trust), 185,083 shares via a Family Trust (for which he is co-trustee), 1,159,168 shares via a Childrens' Trust (for which he serves as co-trustee but disclaims beneficial ownership), and 542,400 shares via a 501(c) Foundation (for which he and his spouse serve as co-trustees).

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of insider stock transfers for estate planning purposes, not an open market sale or purchase indicating a change in sentiment towards the company's prospects.

Future Outlook

N/A

Industry Context

This is a routine insider transaction filing (Form 4) reporting transfers of shares to family trusts, which is a common estate planning activity for executives. It does not provide insights into broader industry trends or the competitive landscape for Arista Networks.

Stakeholder Impact

• The reported transfers are internal to the reporting person's beneficial ownership structure and are unlikely to have a direct material impact on public shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Arista Networks, ANET, Kenneth Duda, Insider Transaction, Form 4, Stock Transfer, Beneficial Ownership, GRAT, Family Trust, CTO